Short Term Debt An account reflected on a company’s balance sheet as a current liability, consisting of debt that is due within one year. Home Resources Startup Law Dictionary Short Term Debt Return to Glossary Need legal help? Schedule a free consultation with a world-class startup attorney on LawTrades. LET'S CHAT Roy G. Business Attorney Heather N. Business Attorney Jared S. Business Attorney Tell us about your project We'll connect you with a vetted attorney in just a few minutes. Trusted by top companies like :