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Long term liabilities |
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Long term liabilitiesDebts of a company which are not due for repayment in the next accounting period.Similar MatchesLiabilitiesLiabilitiesThe debts of a person or company. See 'current liabilities', 'long term liabilities', 'contingent liabilities'. Pension liabilitiesPension liabilitiesFuture liabilities resulting from pension commitments made by a corporation. Accounting for pension liabilities varies widely by country. Monetary assets and liabilitiesMonetary assets and liabilitiesAssets and liabilities with contractual payoffs. LiabilitiesLiabilitiesBasically, liabilities are debts that you have and the regular outgoing payments that you make.The reason you must show your bank statements is usually to help the underwriters identify anything in your current expenditure that may impinge upon your ability to repay the loan. They want to know about any other mortgages, debts, credit cards, HP agreements, loans, overdraft facilities, maintenance and court orders. You will normally have to show three to six months worth of bank statements to help demonstrate that the figures you provide them with are accurate. Existing liabilitiesExisting liabilitiesExpenses taken into account by a mortgage lender when assessing an applicant’s ability to repay the loan. These include loan repayments, maintenance payments etc. Further SuggestionsCurrent liabilitiesSpontaneous Current Liabilities Spontaneous Liabilities Permanent spontaneous current Liabilities Other long term liabilities Nonmonetary assets and liabilities current liabilities contingent liabilities |
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