Sources Of Finance Flashcards
1
Q
External sources of finance
A
Bank loan Trade credit Government grant Overdraft Venture
2
Q
Trade credit
A
Credit extended to companies by the suppliers
3
Q
Credit
A
A period of time you have to pay the supplier back
4
Q
What is a Venture
A
When something is risked in hope of profit
5
Q
What is an overdraft
A
When money is withdrawn from an account and goes below zero
