* * *short-term ˈshort-term adjective1. continuing for only a short time, or concerned only with the period of time that is not very far into the future:
• Most of the staff are on short-term contracts.
• We will continue to manufacture products to build our market share, even at the cost of short-term losses.2. in the short term in the immediate future, rather than later:
• The bank is unlikely to cut interest rates in the short term.3. FINANCE short-term lending, borrowing etc is for less than one year:
• Many financial services companies offer high interest, short-term loans.— compare long-term— short-term adverb :
• Short-term prospects do not look good.— short-termism noun [uncountable] :
• These countries are criticised for lack of planning, lack of strategic thinking and short-termism.
* * *short-term UK US /ˌʃɔːtˈtɜːm/ adjective► continuing or having an effect for a short period of time in the future: »
These risks are short-term and manageable.»
Stability involves balancing short-term and long-term outcomes to achieve sustainable success.»
Despite some short-term benefits, these strategies exact many costs.»
Roughly a third of the workforce is employed under short-term contracts.»
Our short-term financial goal is to survive the next few years.► ACCOUNTING relating to a period of time of less than one year: »
Any liabilities that will be settled in less than 12 months are short-term liabilities.► FINANCE relating to money that is borrowed or invested for a short period of time: »
Sometimes banks require emergency short-term financing.»
There is optimism that Federal Reserve policy makers will cut short-term interest rates.
Financial and business terms. 2012.