Non-Interest-Bearing Current Liability - NIBCL
Definition of 'Non-Interest-Bearing Current Liability - NIBCL'A category of debt entered on the liabilities side of a balance sheet under current liabilities. While a NIBCL is debt, representing a sum of money that the company owes and must pay within one year, it does not require interest payments. |
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Investopedia explains 'Non-Interest-Bearing Current Liability - NIBCL'Here are some types of non-interest-bearing current liabilities:- accounts payable that have no associated fees or interest - taxes that have not yet been paid and are not increasing because of penalties or interest - current income taxes that must be paid by the end of the year |
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