If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
I know this was the soil on which I was born: but I have nothing to glorify this as my country. I have no pride of ancestry to point back to. Our forefathers did not come here as did the Pilgrim fathers, in search of a place where they could enjoy civil and religious liberties.