finance flashcards

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Name 4 Sources of Finance
Bank Loans, Overdrafts, Mortgages, Loans from family and friends
1 of 5
Why do new businesses need to raise finance?
Renting or buying a business, To get vehicles, Equipment or Machinery
2 of 5
What is a Mortgage?
Loans from banks and building societies that are used to buy land and buildings
3 of 5
What is an overdraft?
Gives entrepeneurs an businesses the right to borrow variable amounts of money up to an agreed limit
4 of 5
What is the definition of Owners Funds?
Is where the money put into a business comes from then owners
5 of 5

Other cards in this set

Card 2

Front

Why do new businesses need to raise finance?

Back

Renting or buying a business, To get vehicles, Equipment or Machinery

Card 3

Front

What is a Mortgage?

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 the definition of Owners Funds?

Back

Preview of the front of card 5

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