Current Maturity

Definition: The portion of long-term debt that is due within the next 12 months. Also called the current portion of long-term debt. At each balance sheet date …

The portion of long-term debt that is due within the next 12 months. Also called the current portion of long-term debt. At each balance sheet date the amount maturing in the coming year is reclassified from long-term liabilities to current liabilities.