Non-Interest-Bearing Current Liability (NIBCL)

Non-Interest-Bearing Current Liability (NIBCL),

What is The Definition of Non-Interest-Bearing Current Liability (NIBCL)?

Interest Free Short Term Liability (NIBCL) is a category of expenses that a person or company must pay, but is not liable for interest during the calendar year. Late payment of fines or liability taxes are examples of NIBCL that appear on a company's balance sheet.

  • Current interest-free liabilities are items on the company's balance sheet that reflect non-interest expense and short-term debt.
  • The company's balance sheet distinguishes between interest-bearing debt obligations and general expenses, such as liability to pay accounts receivable.
  • In both cases, there are responsibilities with maturity of one year or less.

Literal Meanings of Non-Interest-Bearing Current Liability (NIBCL)

Non:

Meanings of Non:
  1. Express rejection or absence

  2. Neutral is the expression of a negative meaning when there is a form or special thing (for example, inhuman or dehumanized) in the correspondence that begins with them.

Interest:

Meanings of Interest:
  1. Want to know or want to know someone or someone.

  2. The amount that is paid permanently at a certain rate to repay the loan or to delay the repayment of the loan.

  3. Participation, operation or interest in the company, primarily financing.

Sentences of Interest
  1. Code of National Interests in India, Brazil and Africa

Synonyms of Interest

absorption, heed, be attractive to, intrigue, of benefit to, profits, engrossment, portion, for the sake of, notice, fascinate, claim, share, returns, equity, attentiveness, regard, undivided attention, stock, investment, be of interest to, scrutiny, to the advantage of, stake, attract, for the benefit of, dividends, appeal to

Bearing:

Meanings of Bearing:
  1. The way to get up or walk.

  2. Relationship Authority

  3. To the degree that something bad can be tolerated.

  4. The part of the engine that supports friction, especially between the rotating part and the housing.

  5. The direction or location or direction of movement of an object in relation to a particular point. Usually measured in degrees with zero magnetic north.

  6. A device or charge.

  7. Load-bearing structural materials, ie B walls that support the beam.

Sentences of Bearing
  1. A person with a proper military appearance

  2. The issue is not directly related to this issue

  3. School was terrible, but now it's over

  4. When bearings that allow the crankshaft to rotate freely are worn, the crankshaft cannot rotate and the engine cannot rotate.

  5. The direction of the point is 015 has

  6. Symbol

  7. It's as if all the foundations and supporting walls have been removed from the closet, but still in place, with the help of lasting peace, courtesy and embarrassment.

Synonyms of Bearing

escutcheon, arms, direction, germaneness, badge, tack, coat of arms, pertinence, armorial bearing, sufferance, course, aptness, acceptance, carriage, gait, stance, shield, insignia, ensign, heading, line, trajectory, relevance, application, significance

Current:

Meanings of Current:
  1. They relate to the moment that is happening now, is being used or has been done.

  2. Water or air bodies that move in a certain direction, especially through bodies of water or air that are less mobile.

Sentences of Current
  1. Stay tuned for the latest developments

  2. Tidal wave

Synonyms of Current

present-day, contemporaneous, contemporary, present, steady flow, backdraught, stream, slipstream, ongoing

Liability:

Meanings of Liability:
  1. The person or thing whose presence or behavior causes embarrassment or harm.

Synonyms of Liability

nuisance, responsibility, burden, encumbrance, accountability, hindrance, answerability, inconvenience, handicap, legal responsibility