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short-term debt
(redirected from Short Term Bill)

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Short-term debt
Debt obligations, recorded as current liabilities, requiring payment within the year.

Short-Term Debt
Any bond or other debt that must be repaid or refinanced within one year. Short-term debts are recorded on a balance sheet as current liabilities.

short-term debt

That portion of debt that is payable within one year.Consumers typically include only debts maturing in one year in their schedule of short-term debts.Businesses usually segregate debt into the current year's portion of all debt,with the balance,if any,categorized as long-term debt. When completing a form financial statement for a lender, it is important to find out that lender's definition of short-term debt. Placing debts in the wrong category could result in a failure to meet certain critical ratios,and denial of the loan.



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This method of consumer debt consolidation assists people in reducing their outstanding debt, and at the same time they are paying off their short term bills.
 
 
 
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