The balance of a loan is reduced via scheduled repayments of the principal and by any repayments ahead of schedule. (rba.gov.au)
Short term financing is referred to as an operating loan or short term loan because scheduled repayment takes place in less than one year. (thebalancesmb.com)
Short term financing is referred to as an operating loan or short term loan because scheduled repayment takes place in less than one year. (thebalancesmb.com)