Long-term Liabilities to Credit Institutions
The long-term debts with credit institutions are the debts owed to financial institutions with a duration of more than five years. For example, long-term liabilities are mortgages where maturity is usually greater than 5 years. The long-term debt is generally not exceed 35 or 40 years, although today in the U.S. and we are seeing mortgages start to rise to 100 or 120 years. Mortgages in the end have to pay their children and the bank but will keep everything. (more…)
