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Title: Short-term loan length Post by: donaldjerry on May 28, 2010, 07:33:59 am Is there any common concensus on the definition on the length of a short-term loan?
What period is meant by "short term"? I am having problems with this categorization in our accounting. Our previous accountant categorized loans differently from what the bank says. He recorded 5 mo loans as short-term, but I see our bank calls them long-term, so I do not know. Title: Re: Short-term loan length Post by: kiaraG on March 20, 2012, 07:49:01 am The only thing I know about short term loan is that it's due within a set amount of time, depending on the lending institution.
Title: Short-term loan length Post by: itt011 on September 24, 2013, 10:49:23 am Short-term rates occasionally are higher than long-term rates.
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