fixed liability

American  

noun

1. a liability, as a mortgage or debenture, that will not mature for a relatively long time.

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Example Sentences

The myth reflects the way we tend to think about vulnerability—as a fixed liability almost destined to play out badly in battle or under other kinds of stress.

From Scientific American

Debtors have less cash to deal with a fixed liability.

From BBC

"It's a fixed liability for the majority of folks, and it doesn't vary up or down like food or clothing costs can," he says.

From US News

Mr. Flack's appearance was not so much a property of his own as a prejudice or a fixed liability of those who looked at him: whoever they might be what they saw mainly in him was that they had seen him before.

From Project Gutenberg