/ˌʃɔːt ˈtaɪm/ us. /ˌʃɔːrt ˈtaɪm/ (also reduced time) a situation in which the people who work at a factory or in an office work fewer days or hours than usual for less money because there is not much work to do: He's been put on short time because business is so quiet.

How long is short time?

In finance or financial operations of borrowing and investing, what is considered long-term is usually above 3 years, with medium-term usually between 1 and 3 years and short-term usually under 1 year. It is also used in some countries to indicate a fixed term investment such as a term deposit.

What is a short time called?

minute. noun. a short period of time.