Long-term debt is sometimes called:

Question

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Long-term debt is often referred to as funded debt because it is typically repaid over a period of many years and the funds to repay the debt are typically obtained from capital markets or other external sources. This distinguishes it from short-term debt, which is often used to finance day-to-day operations and is typically repaid within a year or less. Hybrid debt refers to securities that have characteristics of both debt and equity, while unfunded debt refers to obligations that have not yet been funded or committed to. Preference shares are a type of equity, not debt.

Long-Term Debt Is Sometimes Called