Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
38% - Moderately

Short-term Liabilities

Synonyms:near term liabilities
Filed Under: financial-banking
Tags: banking

Definition of short-term liabilities

short-term liabilities
1. Money that must be paid in less than a year (12 months), including wages, short-term loans, taxes, credit card balances and long-term loans.

Related Terms and Acronyms:

  • acid-test ratio   A ratio that determines the liquidity of a company without requiring the company to sell assets or inventory.
  • debt   Money one person or firm owes to another person or firm.
  • debt consolidation   The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. It's also called a consolidation loan. CanEquity has access to Canada's best debt consolidation products, for more info about debt consolidation see our debt consolidation page.
  • expense   Costs incurred through a business's operations.
  • investments in affiliates   A situation where an investor has a great deal of control over the operation and/or financial management of his or her investment.
  • leverage   The use of a small amount of cash and a large loan to buy something.
  • liabilities   A borrower's debts and legal obligations.
  • quick liquidity ratio   A metric used to find if a company has enough liquidity to make it's short term financial obligations.
  • revenue   Money earned by a company from its business activities.
  • solvency   To be able to meet one's financial liabilities in the short or long term.

More Related Terms and Acronyms

Search the Glossary

Best Mortgage Rates
With a lower mortgage rate, it's easier to afford a better home and what you save on interest can go directly toward paying off the principal value of your property faster. Make sure you get the best rates in Canada on your mortgage, apply today.
Mortgage Rates
New Rate Comparison Calculator
Having trouble picturing how different interest rates and amortizations can affect the amount you'll end up paying in interest? Our new mortgage calculator graphs how much of your payment goes towards interest and how much goes towards the principal over your entire amortization. You can even plug in a new rate, term, or amortization and calculate or compare two mortgage interest rates side-by-side.
Calculator Compare and Calculate Rates
Who has the Best Mortgage Rate?
There are well over a hundred mortgage lenders in Canada competing for your business. Wouldn't it be nice to know who's got the best mortgage rates in Canada? Whether you want flexibility or rock-bottom rates, we will make sure you get what you need.
Canadian Mortgage Rates