Unit 3 Flashcards
1
Q
Donations
A
a gift made by an individual or an organization to a non-profit organization, charity, or private foundation
2
Q
Debt Factoring
A
a financial arrangement in which afactoringcompany takes responsibility for collecting money relating to a business’s invoices, and immediately pays that business part of the total amount owed on the invoices
3
Q
Share capital
A
the part of the capital of a company that comes from the issue of shares.
4
Q
Retained profits
A
Is theprofitkept in the company rather than paid out to shareholders as a dividend.
