When old short-term debt is replaced by new short-term debt as the old debt comes due, the process is known as:

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The process of replacing old short-term debt with new short-term debt as the old debt comes due is known as rolling the debt. This is a common practice for businesses that require short-term financing to meet their operational needs. By rolling over the debt, the business can maintain access to funds while also managing its cash flow.

When Old Short-Term Debt Is Replaced by New Short-Term Debt