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English definition of “short-term debt”

short-term debt

noun [C or U]     (also unfunded debt)
FINANCE money that has to be paid back to a lender in a year or less: This country is in danger of defaulting on its short-term debts to foreigners . She might be able to roll her expensive short-term debt into the mortgage .
(Definition of short-term debt noun from the Cambridge Business English Dictionary © Cambridge University Press)
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