External Sources Flashcards
1
Q
Bank Loan
A
The business borrows money then it gets repaid with interest.
2
Q
OverDraft
A
Pre-arrange an amount of money that businesses can use.
3
Q
Grants
A
Money received by the european, national, or local government and doesn’t have to be paid back
4
Q
Venture Capital
A
Sometimes called an investor that invest to start a business
5
Q
Hire Purchase
A
Buy an asset but you will not own it until you pay the full price
6
Q
Trade Credit
A
Given a certain amount of time to pay the price.
7
Q
Share Capital
A
To become owner of a limited company.
