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Java Games: Flashcards, matching, concentration, and word search. |
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7 SBE-Financing the business through borrowing
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| Debenture | a long term loan to a business |
| Factor | a business which collects the debts of other businesses, for which it charges a fee |
| Hire purchase | legally, renting equipment prior to buying it. |
| Leasing | renting equipment |
| Loan | borrowing a sum of money which then has to be repaid with interest over a period of time 1-5 years |
| Mortgage | a loan where property is used as security |
| Overdraft | borrowing money from a bank by drawing more money than is actually in a current account. Interest is charged on the amount overdrawn |
| Gearing ratio | the ratio of long term borrowings of a company to its share capital |
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Business, Finance and Information Technology Teacher |
T C ROBERSON HIGH SCHOOL |
| Asheville, NC |
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