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fixed liability

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fixed liability

–noun
a liability, as a mortgage or debenture, that will not mature for a relatively long time.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Legal Dictionary

Main Entry: fixed liability
see LIABILITY 2a
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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