Short-term refers to something that lasts for a limited or brief period of time, typically less than one year. It is used to describe events, conditions, contracts, or effects that occur or persist only for a short duration or in the near future rather than over an extended period
. In finance and accounting, short-term usually means a period of less than 12 months, such as short-term liabilities, loans, or investments that mature within a year
. More generally, short-term can apply to things like short-term memory (lasting briefly), short-term contracts, or short-term goals, all indicating temporary or immediate time frames
. In summary, short-term means:
- Lasting or continuing for a short time, often less than a year
- Pertaining to the near future or immediate period rather than distant future
- Used in contexts like finance, contracts, memory, plans, or effects that are temporary or brief
