Sources Of Fianace Flashcards
1
Q
Overdraft (short term)
A
where a bank allows a firm to take out more money than it has in its bank account.
2
Q
Grant (long term)
A
money given from the government and it doesnt have to be paid back
3
Q
Loans (long term)
A
money from the bank with has to be paid back with interest/ given by friends and family
4
Q
Mortgage (long term)
A
when buying a property monthly payments are spread over a number of years.
5
Q
Trade Credit (short term)
A
where suppliers deliver goods now and are willing to wait for a number of days before payment.
6
Q
Venture Capital
A
capital invested in a project in which there is an element of risk, typically a new or expanding business.
