Types of Borrowing - BTEC Business 0.0 / 5 ? BusinessFinanceBTEC NationalAQA Created by: KrisimilanovaCreated on: 26-11-19 12:58 356214 Across 1. allows an individual to have use of an item immediately but pay for it in regular instalments. the property is only owned by the individual when the final instalment has been paid (4, 8) 4. allow an individual to borrow a set amount of money which is to be repaid in regular instalments, with interest (8, 4) 5. the ability to withdraw money you do not have from a current account (9) 6. a short term source of finance to bridge the gap between current moment in time and the next payday (6, 4) Down 2. a long term loan to fund the purchase of assets (8) 3. allows individuals to pay for goods on a card with a statement issued (6, 4)
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