Intermediate/Medium-Term Debt

Short-term debt: comes due in the next month (or 10-ish). Long-term debt: not due for a decade or more. Intermediate or medium-term? Yeah, it's the porridge that's juuuust right. Think 1-8 years, with maybe the median being 5 years.

There are no hard-and-fast rules for what defines medium-term. From an accounting practices perspective, however, the biggie that everyone cares about is debt that's due within one year, as it is then classified on a different line on the liabilities side of the balance sheet, moving from long-term debt to short-term debt.

It's like a red light going ding ding ding...you're about to owe serious bank. Or else.