short-term credit
Brief loan arrangement
Short-term credit is borrowed money that must be repaid within a relatively brief period, typically less than a year.
It includes credit cards, lines of credit, and trade credit extended by suppliers.
Businesses use short-term credit to manage cash flow gaps or finance inventory, while individuals might rely on it for unexpected expenses.
The company secured short-term credit to cover payroll until the next quarter's receivables came in.
- personal loansUnsecured funds lent to individuals
- payday loansShort-term high-interest borrowing
- quick cashRapidly obtained funds
- bridge loansTemporary funds between transactions
- banksFinancial institutions or riversides
working capital · cash flow · accounts receivable · microloans · small businesses · factoring · interest rates · borrowing costs · startup costs · consumer protection laws · overdraft protection · suppliers · debt consolidation · cash advance · emergency funds · government agencies
- pawnshopspawn shop, pawnshop, pawnbroker, pawn, pawning
short-term creditcash payment
Transaction using physical currency
cash on hand · liquid assets · no credit · cash basis · cash reserves
short, shorten, shortened, shortening, shorter, shortest, shortly, shortness, shorts