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3
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A loan supplied by a Bank or Building Society for the purchase of land or a building.
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4
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A contract between a buyer and a seller in which the buyer takes possession of an item and then pays for it in regular instalments,they will not own it until the final payment is made.
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5
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Money invested in a new business which is expected to make a lot of profit but which also involves considerable risk.
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7
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This is where a business sells its unpaid debts/invoices to a third party, the third party gives them a percentage of the outstanding debts.
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8
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These are available form the EU, National Government and Local Government. This money does not have to be paid back.
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9
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Initial money put in by the owner of the business.
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10
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These loans are usually for fixed assets. They are not used to fund the day to day running of the business.
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1
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When a limited company is fully incorporated it will decide how many shares it wants to sell
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2
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An arrangement in which a bank extends credit to a customer, usually up to a maximum amount
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3
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Part of the undistributed profits which can be used as a source of finance.
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6
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An agreement with the Finance House allows the business to use the asset without buying it outright.
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