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Bonds are a long-term obligation.
Haphazardly played, relationships yielded disastrous effects on social reputation, piled on long-term obligation, and whittled away ones self-respect.
That created the illusion that the long-term obligation was zero, not billions of dollars, and made it easy for the state to enhance its already rich benefits.
Mr. Bush's aides counter that by giving individual workers their own retirement accounts, which can be invested in financial markets, they decrease the government's long-term obligation to pay benefits out of tax revenues.
But because Mr. Bush's plan would give workers their own retirement accounts, it would decrease the government's long-term obligation to pay benefits out of tax revenues, which is another form of debt reduction.
It has also provided chief financial officers at the drop of a hat for such tech firms as Internet REIT and Axcient.Another common reason to take on managerial temps is to tackle a short-term problem without acquiring a long-term obligation to an expensive executive.
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A buyout program for G.M.'s union retirees would further reduce long-term obligations.
Eaton Vance examined each state's combined long-term obligations for those three components.
Here is how captive reinsurance works: A life insurer sells policies, creating long-term obligations.
Most banks must continually refinance their long-term obligations, and some would collapse without access to short-term credit.
Until recently, long-term obligations to PFI contractors did not figure in the public accounts, which flattered the public finances.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com