Short-term interest rates

Interest rates on loan contracts-or debt instruments such as Treasury bills, bank certificates of deposit or commerical paper-having maturities of less than one year. Often called money market rates.

Short-Term Interest Rate

The interest rate on a loan or other obligation with a maturity of less than one year. A commonly followed short-term interest rate is the rate on a Treasury bill. Short-term interest rates are also called money market rates.

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