LeoGlossary: Short-Term Debt

Short-term debt refers to current liabilities and is debt that is to be repaid within a year. Various notes may be considered short-term debt, including:

• bond anticipation notes, sometimes used to fund the construction phase of a project and later paid off when bonds are issued

• commercial paper, a type of bond anticipation note

• grant anticipation notes, often issued to fund initial spending that is later reimbursed through a grant

• tax and revenue anticipation notes, issued to provide operating money until other revenues are collected.

LeoGlossary Main Menu

General:

• What Is Leofinance

Posted Using LeoFinance ^Beta