Any LIABILITY contract on the corporate balance sheet with a final maturity of less than one year. Common current liabilities include COMMERCIALPAPER, shortterm NOTES, REPURCHASE AGREEMENTS, DEPOSITS, ACCOUNTS PAYABLE, and the current portion of medium and longterm debt; certain deferred taxes and charges may also be included as current liabilities. See also CURRENT ASSETS, CURRENT RATIO.
the term that applies to an existing debt.
In Scotch law. Curtesy. Also the privileges, prerogatives, or, perhaps, retinue, of a court
The currency of the country : whatever is intended to and does actually circulate as currency; every species of coin or currency. Miller v. McKinney. 5 Lea (Tenn.) 90. In this phrase the adjective “current” is not synonymous with “convertible.” It is employed to describe money which passes from hand to hand, from person to person, and circulates through the community, and is generally received. Money is current which is received as money in the common business transactions, and is the common medium in barter and trade. Stalworth v. Blum, 41 Ala. 321.
A curious [overnice or subtle) and captious interpretation is reprobated in law. 1 Bulst. 6.
This term means the same as “market value.” Cases of Champagne, 23 Fed. Cas. 11 OS.
In old English law. A measure containing four bushels or half a quarter of corn. Cowell; Blount
The current value of imported commodities is their common market price at the place of exportation, without reference to the price actually paid by the importer. Tappan v. U. S
Coined money and such bank-notes or other paper money as are authorized by law aud do in fact circulate from hand to hand as the medium of exchange. Griswold v. Hepburn, 2 Duv. (Ky.) 33; Leonard v. State, 115 Ala. SO, 22 South. 504; Insurance Co. v. Keirou, 27 111. 505; Insurance Co. v. Ivupfer, 2S 111. 332, 81 Am. Dec. 284; Lackey v. Miller, 01 N. O. 20.
Such as are paid periodically, or from time to time as the services are rendered or the work is performed ; more particularly, wages for the current period, hence not including such as are past-due. Kvdnor v. Galveston (Tex. App.) 15 S. W. 202;” Bank v. Graham (Tex. App.) 22 S. W. 1101; Bell v. Live Stock Co. (Tex.) 11 S. W. 340, 3 L. R. A. 042.