Debts created by borrowing from a bank or other lending source that must be repaid in 12 months or less.
从银行或其他贷款来源借款而产生的债务，必须在 12 个月或更短的时间内偿还。
All firm debts that are due and payable more than 12 months in the future. A 25-year mortgage loan used to purchase land or buildings is an example of long-term liability. If the firm has issued bonds, the portion of those bonds that is not due and payable in the coming 12 months is also included in long-term debt.
Common stockholders are the residual owners of a business. They receive whatever income is left over after the firm has paid all f its expenses. In the event the firm is liquidated, the common stockholders receive only what is left over-but never lose more than they invested-after the firm's other financial obligations have been paid.