Short-term credit refers to a financial arrangement where a borrower receives funds with the obligation to repay within a year. This type of credit is often used to finance immediate operational needs or manage cash flow. Short-term credit can include lines of credit, trade credit, or short-term loans. It is a crucial component in liquidity management and financial planning. Understanding the short-term credit definition is essential for effective corporate finance strategies.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
