Definition: Short-term and long-term maturity

Category: European System of Accounts (ESA)

A financial asset or liability with short-term maturity is repayable on demand at the request of the creditor, or in one year or less. 

A financial asset or liability with long-term maturity is repayable at some date beyond one year, or has no stated maturity. http://ec.europa.eu/eurostat/product?code=KS-02-13-269&mode=view European Union, Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, Official Journal of the European Union No L 174, 26.06.2013, p. 1 - 727