short-term liability - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “short-term liability”

short-term liability

noun [C, usually plural]
 
 
FINANCE, ACCOUNTING
a debt that has to be paid back in less than a year: A large volume of liquid assets allows a bank to meet its short-term liabilities. →  Compare long-term liability
(Definition of short-term liability from the Cambridge Business English Dictionary © Cambridge University Press)
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