Long-Term Debt

See: Long-Term Liabilities. Same thing.

All debt is a liability. (Not all liabilities are debt: you can have vendor “net 30” liabilities, pension obligations, other promises to deliver product.) But the term is really a balance sheet technical term, and it just reflects the amount of debt that a company holds that isn’t due for at least a year.

Debt due in less than a year is cleverly termed “short-term debt."