short-term loans

Temporary borrowed funds

Short-term loans are borrowed money meant to be repaid quickly, typically within a year.

They include payday loans, bridge loans, and lines of credit used to cover immediate cash needs rather than major purchases.

Interest rates tend to be higher than on long-term financing: She took out a short-term loan to cover payroll until the invoice cleared.

Opposites
loan duration

short-term loansmortgages

Loans secured by property

home loans · installment loans · student loans · term loans · long-term debt

financial transaction type

short-term loansgrants

Awarded funds for purposes

equity investment · gifts · retained earnings · venture capital · endowments

Family

short, term, loan

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