Long-Term Debt definition

Long-Term Debt means debt repayable over a period exceeding one year;

Long-Term Debt means any Indebtedness that, in accordance with GAAP, constitutes (or, when incurred, constituted) a long-term liability.

Long-Term Debt means Debt that by its terms matures on a date more than 12 months after the date it was created or Debt that the obligor may extend or renew without the obligee’s consent to a date more than 12 months after the Debt was created.

Examples of Long-Term Debt in a sentence

• Long-Term Debt – Long-term debt is recognized as a liability of a governmental fund when due, or when resources have been accumulated in the debt service fund for payment early in the following year.

• General Long-Term Debt Account Group – This account group is established to account for all the long-term debt of the District, which is offset by the amount available in the debt service fund and the amount to be provided in future years to complete retirement of the debt principal.

• In respect of long-term securities or instruments (where the maturity date of the security or instrument is equal to or greater than one year), Counterparties must have a designated rating for Long-Term Debt no lower than (a) DBRS - “A”;(b) Fitch - “A”; (c) Moody’s - “A2”; and (d) S&P - “A”.

• In respect of long-term securities or instruments (where the maturity date of the security or instrument is equal to or greater than one year), Forward Counterparties must have a designated rating for Long-Term Debt no lower than (a) DBRS- “A”; (b) Fitch - “A”; (c) Moody’s - “A2”; and (d) S&P - “A”.

• General Long-Term Debt Account Group - This account group was established to account for all long-term debt of the District, which is offset by the amount available in the debt service fund and the amount to be provided in future years to complete retirement of the debt principal.

More Definitions of Long-Term Debt

Long-Term Debt means payment obligations of indebtedness which mature more than twelve months from the date of determination, or mature within twelve months from such date but are renewable or extendible at the option of the debtor to a date more than twelve months from the date of determination.

Long-Term Debt means indebtedness that matures more than one year after the date of determination thereof.

Long-Term Debt means senior, unsecured, long term debt securities of the Borrower.

Long-Term Debt. – means debt which is repayable over a period exceeding 12 months;

Long-Term Debt. ’ shall mean the total of all amounts included in the long-term debt of the Borrower pursuant to RUS Accounting Requirements.

Long-Term Debt means indebtedness for borrowed money of the Company with a maturity of one year or more and includes indebtedness incurred under Capital Leases.

Long-Term Debt means debt repayable by the municipality over a period exceeding one (1) year.