What is Borrowed money that must be repaid within one year?

Borrowed money that must be repaid within one year is typically referred to as a short-term loan or short-term debt. This can include lines of credit, personal loans, or certain types of business loans that are expected to be paid back within a year. Short-term borrowing is often used to cover immediate expenses or to manage cash flow needs. It generally carries higher interest rates compared to long-term debt due to the shorter repayment period.