short-term-loan

Vocabulary Word

Definition

A 'short-term loan' is money that you borrow for a brief period, usually less than a year. It's like a library book that you need to return soon!

Examples in Different Contexts

For small business financing, short-term loans can cover unexpected expenses or temporary cash shortages. A business advisor might suggest, 'Consider a short-term loan to bridge the gap until your receivables come in.'

Practice Scenarios

Academics

Scenario:

Some students are having a hard time affording books and other educational materials this semester.

Response:

Would it be possible for students to avail of a short-term loan for their academic needs?

Marketing

Scenario:

The expected return on investment from the upcoming campaign is significant, but we need funding.

Response:

Can we explore the option of a short-term loan to finance our new campaign?