N.Y. Comp. Codes R. & Regs. Tit. 10 § 451.71 - Current liability
A short-term debt, regardless of its source, including any liability accrued and deferred and unearned revenue that is to be paid out of current assets or is to be transferred to income within a relatively short period, usually one year or less, or a period greater than a year but within the business cycle of an enterprise. The currently maturing portion of long-term debt is thus classified.
Notes
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