SHORT-TERM LIABILITY
(noun)Definitions
There is 1 meaning of the phrase
Short-Term Liability.
Short-Term Liability - as a noun
Any liability expected to be paid off in one year or less.
Example Sentences
"The company took out a short-term liability to finance its inventory purchase."
"The short-term liability will be due in less than six months."
"The business secured a loan as a short-term liability to cover its operating expenses."
"The business used a line of credit as a short-term liability to meet its immediate financing needs."