Short-Term Loan


Also found in: Acronyms.

Short-Term Loan

Any loan that must be repaid or refinanced within one year. Short-term loans are recorded on a balance sheet as current liabilities.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The SSS first opened its LRP on April 28, 2016, until April 27, 2017, to assist calamity-affected members who were struggling to pay their short-term loans such as salary, emergency, educational (old), Study-Now-Pay-Later Plan, Voc-Tech and Investment Incentive.
The LRP with penalty condonation offers member-borrowers an opportunity to settle their past due short-term loans, where penalties are waived through a conditional condonation.
Money Shop, Britain's second biggest payday firm, has stopped offering new short-term loans through its website and shops.
ISLAMABAD -- It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.
From July through November, the finance ministry obtained $1.1 billion in short-term loans from foreign commercial banks, which were 109% of the annual projection.
Impulsora Minera Santacruz SA de CV, a subsidiary of Santacruz Silver Mining Ltd (TSX.V:SCZ), has signed a short-term loan facility with Trafigura Mexico, SA de CV, a subsidiary of Trafigura Group, in the principal amount of USD725,000.
Now, under this agreement, the short-term loan will be converted into a long-term loan.
There is a great synergy with the services we offer through Wesleyan Bank where we already have a successful short-term loans business." Philip White, who has been with Syscap since 1993, remains as managing director and its 69 staff will remain based in their offices in New Malden and Northwich.
There are 1476 short-term loan shops across the UK.
The row over online, short-term loan companies - known by many as "payday" lenders - came into the public eye after Wonga was named as sponsor of Newcastle United.
It is an integrated financing service provider which mainly provides short-term loan services.

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