short-term

1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period. For individual tax purposes, an asset held for a year or less is classified as short-term. Compare long-term 1. See also holding period.
2. Of or relating to a debt security in which a short time remains until the face value is paid to the investor. Exactly what constitutes short-term is subjective, although five years and under may be considered the norm.
3. Of or relating to business assets that are expected to be converted to cash within one year, and to business liabilities that are due within one year.