This glossary uses Visual Finance™ to bring financial terms to life. Each example shows data from the Round Number Company, a fictional business with simplified figures to make learning easier. For more details, visit 'How to Read Visual Finance'.
Short-term Debt is the portion of Current Liabilities that is related to borrowing money (i.e. interest bearing bank loans) and is falling due within the fiscal year (or within the next 12 months).
Short-term Debt includes the Current Portion of Long-term Debt which is coming due within the year.
Also called Current Debt.
The above is our generic explanations of common corporate financial terminology. Actual meanings can vary widely from company to company; in order to have the correct internal definition you need to ask your Finance Department, "What do you mean by that?"
term list.