Home > Blossary: Long Term Debt
Long term debt is basically a loan that last for more than a year. It is a liability that a company or an individual holds which matures, or has to be paid back in not less than a year. Long term debt does come with interest payments, which is the cost of borrowing for the one who takes the debt, and a reward for the one that loans out the amount.
Category: Education
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Created by: SingleWriter
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These bonds do not have a coupon payment attached to them which helps in evading taxes. These are also offered at a price that is lower than the par value.
Domain: Financial services; Category: Finance
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