Long-term borrowings refer to funds or financial obligations acquired by an entity, typically in the form of loans or bonds, that are scheduled to be repaid over a period exceeding one year. These borrowings are used to finance projects, acquisitions, or capital expenditures and usually have a repayment schedule spanning several years, providing the borrower with a longer period to repay the debt compared to short-term borrowings.
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Long-term borrowings refer to funds acquired by a company or individual that have a maturity period exceeding one year. These can include loans, bonds, or other financial instruments with repayment terms extending beyond the next 12 months. Long-term borrowings are often used for significant investments, such as capital expenditures or expansion projects, and are repaid gradually over an extended period, typically with interest.
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Long-term borrowings refer to funds or financial obligations acquired by an entity, typically in the form of loans or bonds, that are scheduled to be repaid over a period exceeding one year. These borrowings are used to finance projects, acquisitions, or capital expenditures and usually have a repayment schedule spanning several years, providing the borrower with a longer period to repay the debt compared to short-term borrowings.
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Answer:
Long-term borrowings refer to funds acquired by a company or individual that have a maturity period exceeding one year. These can include loans, bonds, or other financial instruments with repayment terms extending beyond the next 12 months. Long-term borrowings are often used for significant investments, such as capital expenditures or expansion projects, and are repaid gradually over an extended period, typically with interest.