Short term loan and long term loan distinguish – InterviewSolution

1.	Short term loan and long term loan distinguish
Answer» Short-term and long-term LOANS may refer to the time PERIOD in which a loan is paid back. Short term loans are generally to be REPAID within a few months or a YEAR or so. Long-term loan repayments can last for a few years up to several years (such as 10-15) years.

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