current obligation
[/ˈkɜːrənt əˈblɪɡeɪʃən/]
nounpl: current obligations
obrigação atual
1. A debt or liability that must be paid or fulfilled within a short period, typically within one year or during the normal operating cycle of a business
The company listed its current obligations on the balance sheet, including accounts payable and short-term loans.
A empresa listou suas obrigações atuais no balanço patrimonial, incluindo contas a pagar e empréstimos de curto prazo.
2. A legal or moral duty that requires immediate or near-term action or payment
Paying rent is a current obligation that must be met by the end of the month.
Pagar aluguel é uma obrigação atual que deve ser cumprida até o final do mês.
3. In accounting and finance, liabilities due within 12 months
Current obligations are distinguished from long-term obligations in financial reporting.
As obrigações atuais são distinguidas das obrigações de longo prazo nos relatórios financeiros.
This term is primarily used in financial, legal, and business contexts in both English and Portuguese-speaking countries. In Brazil, it is commonly encountered in corporate accounting, banking, and legal documents. The distinction between current and non-current obligations is fundamental to financial analysis and is a key component of balance sheet analysis in both American and Brazilian accounting practices.
Related Idioms & Phrases
meet one's current obligations
settle current obligations
honor current obligations
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