Sources Of Finance Flashcards

1
Q

External sources of finance

A
Bank loan 
Trade credit 
Government grant 
Overdraft 
Venture
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2
Q

Trade credit

A

Credit extended to companies by the suppliers

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3
Q

Credit

A

A period of time you have to pay the supplier back

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4
Q

What is a Venture

A

When something is risked in hope of profit

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5
Q

What is an overdraft

A

When money is withdrawn from an account and goes below zero

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