Long-Term Debt

What Does Long-Term Debt Mean?
Loans and financial obligations lasting over one year.

In the U.K., long-term debts are known as "long-term loans."

Investopedia explains Long-Term Debt
For example, debts obligations such as bonds and notes, which have maturities greater than one year, would be considered long-term debt. Other securities such as T-bills and commercial papers would not be long-term debt because their maturities are typically shorter than one year.