sources of finance

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owners funds
the amount of money the owner puts in
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retained profit
money kept in the business by the owners known as retained profit on the balamce sheet
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selling assets
selling anything of value owned by the business
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overdraft
the bank allows the business to draw more money from their bank account than they actaully have in it
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trade credit
items are bought from suppliers on a 'buy now, pay later' basis
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debt factoring
the comapny sells a debt factorising company who pay the business a smaller sum they were owned
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leasing
used to help obtain new equipment eg cars the business rents the item its owner
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bank loans
an amount of money is borrowed from the bank, then repaid with interest over set period of time
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issuing shares
a share in the business is sold to an individual or another business
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mortgage
long term loan provided by a bank in order to buy properly
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government grants
money given to the business by the government used to help finance new projects
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hire purchase
an item is bought on finance, repayments are amde each month until the final payement when the item becomes the property firm
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venture capital
venture capitalists invest in small, risky business eg. new business start ups
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Other cards in this set

Card 2

Front

money kept in the business by the owners known as retained profit on the balamce sheet

Back

retained profit

Card 3

Front

selling anything of value owned by the business

Back

Preview of the back of card 3

Card 4

Front

the bank allows the business to draw more money from their bank account than they actaully have in it

Back

Preview of the back of card 4

Card 5

Front

items are bought from suppliers on a 'buy now, pay later' basis

Back

Preview of the back of card 5
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