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

In banking, a short-term loan is designed to provide quick financing needs and is usually due within a year. A bank manager might say, 'Our short-term loans are ideal for businesses needing immediate cash flow support.'

Practice Scenarios

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?

Business

Scenario:

Our company could use a quick financial boost to help with the move to a new office.

Response:

Perhaps a short-term loan could provide the cash flow we need for our office relocation.