SHORT TERM DEBT Definition

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SHORT TERM DEBT is any debt owed by a company that is due and payable within one year. The debt is often made up of short-term bank loans the company is liable for.

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COUNTRY RISK is the risk a depositor takes when placing funds on deposit outside the United States. The host country where the funds are domiciled may decree that no fund may be expatriated, or sent out of that country, until the decree is lifted.

T/T is a payment or financial transaction designation meaning "Telegraphic Transfer" of funds.

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