"Short-term" refers to a limited duration or period, typically ranging from a few days to a few months. It is often used in various contexts, such as finance, where short-term investments are those expected to be held for less than a year. In everyday life, short-term goals might include tasks like completing a project or saving for a vacation. In contrast to long-term, which involves extended timeframes, short-term focuses on immediate results or benefits. For example, a short-term loan is designed to be repaid quickly, usually within a year, making it suitable for urgent financial needs.