- current obligations
- Such as are presently enforceable and not past due. Naylor v. Gutteridge, Tex.Civ.App., 430 S.W.2d 726, 733.See also current liabilities
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
current obligations
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current obligations — Such as are presently enforceable and not past due. Naylor v. Gutteridge, Tex.Civ.App., 430 S.W.2d 726, 733. See also current liabilities … Black's law dictionary
current — I adjective being done, belonging to the time, concurrent, contemporaneous, contemporary, customary, existent, existing, hie, immediate, in fashion, in style, in the fad, in vogue, instant, latest, latter day, new, occurring, of the moment, of… … Law dictionary
Current ratio — The current ratio is a financial ratio that measures whether or not a firm has enough resources to pay its debts over the next 12 months. It compares a firm s current assets to its current liabilities. It is expressed as follows: For example, if… … Wikipedia
Current liability — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
current — Running; now in transit; present existence; now in progress; whatever is at present in course of passage, as the current month. American Fruit Growers v. United States, C.C.A.Cal., 105 F.2d 722, 726. Most recent; up to date. A continuous movement … Black's law dictionary
current — Running; now in transit; present existence; now in progress; whatever is at present in course of passage, as the current month. American Fruit Growers v. United States, C.C.A.Cal., 105 F.2d 722, 726. Most recent; up to date. A continuous movement … Black's law dictionary
Current ratio — The ratio of current assets divided by current liabilities that shows the ability of a utility to pay its current obligations from its current assets. A measure of liquidity, the higher the ratio, the more assurance that current liabilities can … Energy terms
obligations — [plural] ► things that you must do or pay because of a law, rule, agreement, etc.: impose/place obligations on sb »The law imposes certain obligations on public authorities. fulfil/meet your obligations »He has fulfilled the obligations of his… … Financial and business terms
current asset — ➔ asset * * * current asset UK US noun [usually plural] (also circulating asset) ► FINANCE, PRODUCTION an asset such as cash, raw materials, parts, or products that are still being made, which a company will use up or sell during the same year:… … Financial and business terms
Current Ratio — A liquidity ratio that measures a company s ability to pay short term obligations. The Current Ratio formula is: Also known as liquidity ratio , cash asset ratio and cash ratio . The ratio is mainly used to give an idea of the company s ability… … Investment dictionary
