Define: Current Maturities of Long Term Debt
Current Maturities of Long Term Debt means all payments due within one year on long-term debt and capitalized leases, excluding final maturity payments.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Current Maturities of Long Term Debt means all payments due within one year on long-term debt and capitalized leases, excluding final maturity payments.
Relevant Circumstances
- During negotiations of a debt settlement.
- In financial audits for assessing financial status.
- Evaluating loan repayment capabilities of a borrower.
- While drafting or revising a financial services agreement.