Skammtíma

Skammtíma is an Icelandic term that translates to "short-term" or "temporary" in English. It is frequently used in various contexts to describe something that is not intended to last for an extended period.

In finance, skammtíma refers to short-term loans or investments, typically with maturities of one year or less. These are often used to cover immediate cash flow needs or to take advantage of short-term market fluctuations. Examples include short-term government bonds or commercial paper.

The term is also applied to employment, where skammtíma employment signifies a temporary job or contract rather than a permanent position. This can be seasonal work, project-based employment, or cover for someone on leave.

In a broader sense, skammtíma can describe temporary situations or conditions that are expected to resolve or change relatively quickly. This might include temporary housing arrangements, short-term medical treatments, or transient weather patterns. The underlying concept emphasizes a limited duration and an eventual transition to a different state. The exact interpretation of "short" often depends on the specific context in which skammtíma is used.