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Short-term loan length

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donaldjerry
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Posts: 1
« 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.
« Last Edit: May 28, 2010, 10:55:13 am by donaldjerry » Logged
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« on: May 28, 2010, 07:33:59 am »
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kiaraG
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Posts: 4
« Reply #1 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.
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itt011
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Posts: 2
« Reply #2 on: September 24, 2013, 10:49:23 am »
Short-term rates occasionally are higher than long-term rates.
« Last Edit: September 24, 2013, 03:23:18 pm by itt011 » Logged
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Maxi-Pedia Forum > Finance, Business, Taxes, Economics, Jobs, Politics, etc. > Financial Measures, Models, Ratios (Moderator: mod) > Topic: Short-term loan length
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