If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
Jeffrey SachsAbout author
- Author's profession: Economist
- Nationality: american
- Born: November 5, 1954
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