Long-term borrowings are debts or financial obligations that a company takes on with a maturity period typically exceeding one year. These could include loans, bonds, or other forms of financing obtained to fund projects, expansions, or operations, with repayment scheduled over an extended period, usually more than 12 months.
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Long-term borrowings are debts or financial obligations that a company takes on with a maturity period typically exceeding one year. These could include loans, bonds, or other forms of financing obtained to fund projects, expansions, or operations, with repayment scheduled over an extended period, usually more than 12 months.
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Answer:
Short-term loans are defined as borrowings undertaken for a short period to meet immediate monetary requirements.
For example, companies often borrow short-term loans using bank overdrafts to arrange money for working capital requirements.