Long-term liabilities are
liabilities with a future benefit over one year, such as notes payable that mature greater than one year.In accounting, the long-term liabilities are shown on the right wing of the balance-sheet representing the sources of funds, which are generally bounded in form of capital assets.Examples of long-term liabilities are
debentures,
mortgage loans and other bank
loans (note: not all bank loans are long term as not all are paid over a period greater than a year, the example is
bridging loan.)
See more at Wikipedia.org...
debt not due to be paid within the next year; opposite of current liabilities.