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Business Finance JC

medium, short,long, current, capital, expenditure, term loan, bank overdraft

TermDefinition
fixed asset anything owned by the business whose value is not directly changed by the normal daily transactions of the business
capital expendiuture spending on fixed assets
current expenditure spending on the on going costs of running a business
term loan firm borrows money from a bank to be used to purchase an asset
bank overdraft permission from bank to overdraw their account to pay their current expenses
leasing contract to rent an asset for an agreed period of time
retained earning reinvesting some of the profits made by a company back into the business
grants non repayable sums of money given to a firm by the government
sale and leaseback selling of fixed asset to a finance company and then leasing it back over a long term agreement.
Created by: McGClarke on 2013-11-06



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