current liabilities

section of a balance statement which details the debts that a business must repay during the current year (Accounting)

In accounting, current liabilities are considered liabilities of the business that are to be settled in cash within the fiscal year.For example accounts payable for goods, services or supplies that were purchased for use in the operation of the business and payable within a normal period of time would be current liabilities.Bonds, mortgages and loans that are payable over a term exceeding one year would be fixed liabilities. However the payments due on the long-term loans in the current fiscal year could be considered current liabilities if the amount were material.
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Amount owed for salaries, interest, accounts payable and other debts due within 1 year.

Current portion of long-term debt and of capital leases, air travel liabilities and other short-term trade accounts payable. (BTS4)