Liability | Theme 2 Flashcards
(9 cards)
1
Q
Unlimited liability
A
Where if you get into debt your personal assets will be taken
2
Q
Limited liability
A
Only assets from the business will be taken
3
Q
Capital gain
A
Profit made from selling a share for more than what it was bought
4
Q
Debenture
A
A long term loan to a business
5
Q
External finance
A
Money raised from outside the business
6
Q
Permenant capital
A
Share capital that is never repaid by the company
7
Q
Share capital
A
Money introduced into the business through the sale of shares
8
Q
Unsecured loans
A
Where the lender has no protection if the borrower fails to repay the money owed
9
Q
Venture capitalism
A
Providers of funds for small or medium sized companies that would be considered too risky for other investors
