Meaning of “short-term debt” in the English Dictionary

business-english dictionary

"short-term debt" in Business English

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short-term debtnoun [ C or U ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)