What is CURRENT OBLIGATIONS? Definition of CURRENT OBLIGATIONS in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
The word "current" means passing in time or belonging to the time actually passing, now passing, present in its course, as the current month, and as applied to current obligations it denotes the obligations then passing or present in its progress, the service rendered and the compensation therefor measured by the time of the occurrence of the event. Pecos Mercantile Co. v. Texlite, Inc., Tex.Civ.App., 65 S.W.2d 811, 812.
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That's the definition of CURRENT OBLIGATIONS in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
