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

business-english dictionary

"short-term loan" in Business English

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short-term loannoun [ C ]

uk us FINANCE

money that is lent for a short time, usually less than one year:

He secured financing for the project - two short-term loans for $80,000 and $30,000.

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