Finance

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What is a bank loans?
Loan from a bank with interest added on.
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What does owners funds mean?
Owners fund is money put into a business by its owner/s
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What is 'interest'?
It is a payment made in orderto borrow money. It means a business pays back more then it borrowed
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What is an overdraft
An overdraft gives entrepeneurs and businesses the right to borrow variable amounts of money up to an ageed limit.
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What is mortagages?
They are loans from banks and building societies that are used to buy and and buildings such as offersand shops.
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What is hire purchase?
Is a method of purchasing asset and paying in instalment.
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Is a bank loan a source of finance?
yeah
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What is an advantage and disadvantage of family loans
advantage: No interest most of the time/ disadvantage:
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Why do businesses need to raise finance?
To
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Other cards in this set

Card 2

Front

What does owners funds mean?

Back

Owners fund is money put into a business by its owner/s

Card 3

Front

What is 'interest'?

Back

Preview of the front of card 3

Card 4

Front

What is an overdraft

Back

Preview of the front of card 4

Card 5

Front

What is mortagages?

Back

Preview of the front of card 5
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