short term loan

  

Definition

In general, a loan with a maturity period of one to five years.

Use short term loan in a sentence

  • The company had a bad two months. They went to the bank for a short term loan so that they could continue operating.

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  • Short term loan would be a good way to start a business, since businesses should show a profit within the first five years.

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  • I got a short term loan from the bank which was a bummer because I wanted a long term loan.

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