Sources of finance Flashcards
1
Q
What are two internal sources of finance?
A
Retained profits
Sale of assets
2
Q
What is debt factoring?
A
Where a business sells its assets to a third party
3
Q
What is an overdraft?
A
Where the business takes out more money than it owns
4
Q
What is a debenture?
A
Where the company takes out a long time interest to protect it’s assets
