Current Liability

What’s the difference between “a liability that is due currently” vs “a liability that is due within a year”?

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A liability currently due is a bill that must be paid immediately, while a liability due within a year is one that can be paid off a bit later (still within a year). Both qualify as current liabilities, as they are due within one year or less.

When I say ‘bill,’ it could be anything from an electric bill for a corporate office to a rental car payment for traveling employees.