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TeachMeFinance.com - explain Short term sales Short term sales -- Any short-term purchase covering a time period of 2 years or less. Purchases from intrastate pipelines pursuant to Section 311(b) of the NGPA of 1978 are classified as short-term sales, regardless of the stated contract term. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.