Non-Interest-Bearing Current Liability (NIBCL)

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Quotes of the day:

A lot of other countries have central government systems that buy drugs for other people. That can reduce the fluctuations.

— Aaron Kesselheim

A non-interest-bearing current liability (NIBCL) is a category of expenses that an individual or a company must pay off within the calendar year but will not owe interest on. Taxes that do not include late penalties as well as accounts payable are examples of NIBCLs that can be found on a company’s balance sheet.

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