short-term debt
Quick repayment obligation
Short-term debt is money owed that must be repaid within one year.
It appears on balance sheets as a current liability and includes things like credit card balances, lines of credit, and the portion of longer loans coming due soon.
Companies manage short-term debt to maintain liquidity: The firm refinanced its short-term debt to ease cash flow pressure.
- lendersThose who provide loans
- interest rate riskPotential loss from yield changes
- borrowersThose receiving loans
- cash flow managementTracking money movement timing
- promissory noteWritten debt obligation
due date · revolving credit · payday loan · cash strapped · tight budget · pay stub · corporations · banks · refinancing options · maturity date · credit crunch · bridge loan · floating rate · credit unions · overdraft · quick cash · small businesses · government agencies
- debtscar loan, student loan, loans, bank loan, personal loan
- financial termswealth, asset, currency, balance sheet, audit
- accounting termsassets, cash, expenses, equity, retained earnings
- liabilitiesaccounts payable, tax liability, payables, accrued interest, tax liabilities
- accountingbookkeeping, ledger, balance sheet, general ledger, accounts payable
- bookkeepingledger, general ledger, accounts, ledgers, journal entry
short-term debtlong-term debt
Obligations due beyond one year
bonds · mortgages · debentures · corporate bonds · term loans
short-term debtcash
Ready spending funds
liquid assets · current assets · cash reserves · cash on hand · accounts receivable
short, shorter, shortest, shorten, shortened, shortening, shortly, shortness, shorts