debt obligations, recorded as current liabilities ( liability), requiring payment within the year. Bloomberg Financial Dictionary
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short-term debt UK US noun [C or U] (also unfunded debt)
► FINANCE money that has to be paid back to a lender in a year or less: »
This country is in danger of defaulting on its short-term debts to foreigners.
»She might be able to roll her expensive short-term debt into the mortgage.
Financial and business terms. 2012.