Long-Term Debt

Loans and financial obligations lasting over one year.

In the U.K., long-term debts are known as "long-term loans."

Investopedia Says:
For example, debts obligations such as bonds and notes, which have maturities greater than one year, would be considered long-term debt. Other securities such as T-bills and commercial papers would not be long-term debt because their maturities are typically shorter than one year.

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Monies owed for a period exceeding one year. Examples are bonds payable and long-term notes payable. The major features of the debt (i.e., interest rate, maturity date) are disclosed in the financial statements, usually in footnotes. Long-term liabilities are distinguished from long-term debt because the former include obligations requiring the rendering of future services (e.g., unearned revenue).