Short-term loans are liabilities. Short-term loans are all kinds of loans that enterprises borrow from banks or other financial institutions according to the needs of production and operation, and the repayment period is within one year. Short-term borrowing is characterized by high speed, high flexibility and low cost, but at the same time it is relatively risky and needs to be accounted for in time.

Short-term loans refer to all kinds of loans provided by enterprises to banks or other financial institutions with repayment period within one year in order to maintain the funds needed for normal production and operation or offset certain debts, mainly including operating revolving loans, temporary loans, settlement loans, discounted bills loans, seller's credit, advance deposit loans and special reserve loans. Funds borrowed by enterprises from banks, other financial institutions and other units include credit loans, mortgage loans and trust loans.