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

business-english dictionary

"short-term liability" in Business English

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short-term liabilitynoun [ C, usually plural ]

uk us 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.

(Definition of “short-term liability” from the Cambridge Business English Dictionary © Cambridge University Press)