short-term liability Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “short-term liability” in the 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 ​liquidassetsallows a ​bank to ​meet its ​short-term liabilities.
(Definition of short-term liability from the Cambridge Business English Dictionary © Cambridge University Press)
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