medium, short,long, current, capital, expenditure, term loan, bank overdraft
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| fixed asset | anything owned by the business whose value is not directly changed by the normal daily transactions of the business
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| capital expendiuture | spending on fixed assets
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| current expenditure | spending on the on going costs of running a business
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| term loan | firm borrows money from a bank to be used to purchase an asset
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| bank overdraft | permission from bank to overdraw their account to pay their current expenses
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| leasing | contract to rent an asset for an agreed period of time
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| retained earning | reinvesting some of the profits made by a company back into the business
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| grants | non repayable sums of money given to a firm by the government
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| sale and leaseback | selling of fixed asset to a finance company and then leasing it back over a long term agreement.
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Created by:
McGClarke
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