GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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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

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