Short-term
Referring to a period of time that is relatively brief, limited, or immediate. It describes plans, investments, or effects that are intended to last for a short duration, typically days, weeks, months, or, in some contexts, up to a few years. Emphasis is on the immediate consequences or readily accessible outcomes. This timeframe contrasts with long-term considerations, which involve more extended perspectives and long-range planning. Decisions with short-term focus prioritize near-future benefits or solutions and often reflect urgent needs or opportunities. It considers immediate risks, while long-term views prioritize long-range benefits or issues.
Short-term meaning with examples
- The company implemented a short-term marketing campaign to boost sales before the end of the fiscal quarter. Their strategy focused on quick, impactful promotions. This led to a surge in revenue immediately, but they knew sustained growth needed a long-term approach as well. This campaign provided the needed profit, but created a need for a more long-term sales plan.
- Investing in short-term bonds is often seen as less risky than stocks, but it generally yields lower returns. Investors often consider short-term bond funds when they need access to their capital quickly. They focus on stability of the funds, rather than significant growth. This is a common move when interest rates are expected to rise shortly.
- A short-term loan can provide immediate financial relief but usually comes with higher interest rates compared to longer loan terms. People need to be mindful of interest rates to make sure they have the capability to repay the loan. Borrowers often calculate their ability to repay based on the loan's short duration and quick payoff. This strategy offers an immediate solution.
- Due to a sudden illness, the athlete needed to take a short-term break from training. This involved rest and recovery to address the problem. Their coach needed to immediately alter the upcoming events. While it disrupted their usual routines, the short break was vital for their overall performance in the long run.
