From Longman Business Dictionaryfixed liabilitiesˌfixed liaˈbilities (also long-term liabilities) [plural]ACCOUNTINGFINANCE debts to be paid in more than one year, for example to lenders such as banks, rather than to suppliersThe company had long-term debts of $626 million, plus $311 million of other long-term liabilities, such as pension obligations. → liability
