Business- Sources of Finance

HideShow resource information
  • Created by: N_Kaur
  • Created on: 17-01-16 16:08
An Overdraft
Is an amount below zero that can go into your bank account. It is short term and is arranged with the bank. Interest is paid.
1 of 5
Bank Loans
Are medium to long term. It is a longer repayment with a larger amount available. Iterest is payable.
2 of 5
Hire Purchase
Is medium term and you don't own it until the final payment is made.
3 of 5
Leasing
Is medium term and is like a rent, you hand it back at the end.
4 of 5
Trade Credit
Is
5 of 5

Other cards in this set

Card 2

Front

Are medium to long term. It is a longer repayment with a larger amount available. Iterest is payable.

Back

Bank Loans

Card 3

Front

Is medium term and you don't own it until the final payment is made.

Back

Preview of the back of card 3

Card 4

Front

Is medium term and is like a rent, you hand it back at the end.

Back

Preview of the back of card 4

Card 5

Front

Is

Back

Preview of the back of card 5

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all Finance resources »