Business- Sources of Finance

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  • Created by: N_Kaur
  • Created on: 17-01-16 16:21
An Overdraft
Is an amount below zero that can go into your bank account.
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Bank Loans
Is medium term to long term, and is a longer repayment with a larger amount.
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Hire Purchase
Is medium term, and you don't own it until the final payment is made. Interest is payable.
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Leasing
Is medium term, and is like renting, you hand it back at the end.
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Trade Credit
Is short term. A supplier gives you a period of time to pay for a raw material after you take money to buy it.
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Issuing shares
Limited companies could issue shares.
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Venture Capital Businesses
Are large businesses which lend money to smaller business e.g. Dragons Den
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Internal Sources of Finance
Retained Profit, Owners Funds, Sales of assets (selling something you own).
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Other cards in this set

Card 2

Front

Is medium term to long term, and is a longer repayment with a larger amount.

Back

Bank Loans

Card 3

Front

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

Back

Preview of the back of card 3

Card 4

Front

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

Back

Preview of the back of card 4

Card 5

Front

Is short term. A supplier gives you a period of time to pay for a raw material after you take money to buy it.

Back

Preview of the back of card 5
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