short-term debt definition

short-term debt means debt repayable over a period not exceeding one year;

short-term debt. – means a debt which is repayable over a period not exceeding 12 months.

short-term debt means debt that is repayable over a period not exceeding one (1) year.

Examples of short-term debt in a sentence

• During the Interim Period, Buyer shall use its reasonable best efforts to reduce its Short-Term Debt below $1,200,000 in the aggregate as of the Closing.

• Specifically, the rating agency DBRS assigned the following ratings to BFF:▶ Long-Term Issuer Rating: “BB (high),” outlook stable;▶ Short-Term Issuer Rating: “R-3,” outlook stable;▶ Long-Term Senior Debt: “BB (high),” outlook stable;▶ Short-Term Debt: “R-3,” outlook stable;▶ Long-Term Deposits: “BBB (low),” outlook stable;▶ Short-Term Deposits: “R-2 (middle)”, outlook Stable.For further details, see the press release issued by DBRS, also dated July 19, 2023.

• The Short-Term Debt of the NAC Companies as of the Closing does not exceed $1,200,000, as evidenced by documents reasonably acceptable to the Company.

More Definitions of short-term debt

short-term debt means any debt, the terms of which provide that the principal and interest of the debt shall be fully repaid no later than 364 days after the debt is incurred. O. Reg. 438/97, s. 4 (2).

short-term debt means debt repayable over a period not exceeding one year; "standards of generally recognised accounting practice,” means an accounting practice complying with standards applicable to municipalities or municipal entities as determined by the Accounting Standards Board

short-term debt means all Financial Debt other than Long-term Debt;

short-term debt means the principal amount of unsecured Indebtedness for Borrowed Money created or incurred by the Company which matures by its terms not more than 12 months after the date of the creation or incurrence thereof, and which is not renewable or extendable at the option of the Company for a period of more than 12 months from the date of the creation or incurrence thereof pursuant to any revolving credit or similar agreement; and

short-term debt means (i) Indebtedness of the Borrower and its Subsidiaries for money borrowed from banks, trust companies and others having a maturity of no more than one year from the date of origin and not extendable or renewable at the option of the obligor, excluding however, to the extent included, the aggregate undrawn amount of all letters of credit issued for the account of the Borrower or any Subsidiary; and (ii) guaranties which constitute Indebtedness but not Funded Debt.

short-term debt means notes which generally have a term of five years or less, including but not limited to tax anticipation notes, revenue anticipation notes, grant anticipation notes and certificates of participation.

short-term debt means, with respect to any person, any Financial Debt of such person other than Long-term Debt.