Current liabilities

1. Financial reporting - balance sheet - assets & liabilities.

Liabilities that are likely to be settled within a year or a normal accounting cycle.

2. Pensions.

A US term for a pension fund liability important in Internal Revenue Service contribution calculations; it is analogous to Accrued Benefit Obligation, but based on statutory assumptions for mortality and discount rates.

See also

• Accrued benefit obligation
• Balance sheet
• Current assets
• Current ratio
• Long-term liabilities
• Non-current