current liabilities

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10 Terms

1
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present value of interest plus present value of principal

usual valuation of liabilities

2
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non interest bearing

AP

3
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pledged AR

secured loan

4
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reclassification of debt

refinancing prior to the issuance of the financial statement

5
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purchased by other corporation

commercial paper

6
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expenses not yet paid

accrued liabilites

7
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liability until refunded

customer deposits

8
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liability until satisfy performance obligation

customer advances

9
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committed line of credit

Formal agreement

  • Commitment fee to bank to keep a line of credit line amount available to the company

10
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noncommitted line of credit

Informal agreement

  • Borrow up to a prearranged limit without formal loan procedures