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Short Term Note Payable

oboloo Glossary

Short Term Note Payable

Short Term Note Payable Definition

A short term note payable is a debt obligation that is typically due within one year. The terms of a short term note may vary, but typically the debtor is required to pay interest on the outstanding balance. Short term notes are often used by businesses to finance their day-to-day operations or to fund short-term projects.

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