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Short Term

calender iconUpdated on May 27, 2023
accounting
corporate finance and accounting

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Sure. Here’s the definition of short-term:

Short-term refers to a duration of time that is relatively brief, typically less than a year. It can also describe something that is temporary or transient in nature.

Here are some examples of short-term:

  • Short-term loan: a loan that is repaid in a short period, typically less than a year.
  • Short-term investment: an investment that is made for a relatively short period, typically less than a year.
  • Short-term project: a project that is completed in a short amount of time.
  • Short-term rental: a rental of a property for a short period of time.
  • Short-term contract: a contract that is for a short period of time.

The exact length of a short-term period can vary depending on the context. However, it is generally considered to be less than a year.

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