"Short term" refers to a brief period of time, typically ranging from a few days to a few months. It is often used in various contexts, such as finance, where it can describe investments or loans that are expected to be paid back or mature quickly. In everyday life, short-term goals might include tasks like completing a project or saving for a vacation. In business, short-term strategies focus on immediate results and quick returns. Companies may prioritize short-term profits over long-term growth, which can influence decision-making. Understanding the short-term perspective is essential for effective planning and resource allocation in both personal and professional settings.