Sep 22 

After your entry I look for the definition in a financial dictionary, and this is the meaning:

TERM DEBT
A DEBT due to be paid over a period of time, as opposed to be paid entirely at one time in one lump sum

Sep 22 

I can't find the right refs to suggest an answer to this query, but 'term debt' could be like 'term life insurance'; that is, it may be 'conditional debt' whose immediate foreclosure is prevented by each periodic (monthly) payment.
In life insurance, a term policy is cancelled upon any failure to fulfill the agreed payment plan at the time that it is due, and any 'equity' in the policy is lost to the insured person.
In term debt, rather than refer to long-term and short-term, we would be talking about a different concept.
The thing is that I have never heard of 'term debt' before, but this sounds like a financial tech term that is crucial to the source meaning. Interesting. I hope htis comment sparks some input that will be of use for your project.
Regards. ;-))