Business(Finance for business)
Help!
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| What are creditors? | Businesses that allow households and businesses to purchase goods from and pay them at a later stage- usually giving up to 60 days to pay
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| What are amounts due? | Another form of creditors that supply services such as electricity and telephone and accept payment at later time
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| What is bank overdraft? | Banks may allows households and businesses current account customers to take more money out of thee current account than is in it
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| What is a term loan? | Loans obtained from financial institutions that are used for things such as purchasing furniture and equipment
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| What is hire purchase(HP)? | This offers immediate used and the eventual ownership of a good. Used to purchase cars,equipment and furniture
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| What is leasing? | Also known as hiring or renting. It is used for by people who require the use of something but not the ownership
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| What is the owners capital? | Money put up buy the owners of a business. The amount depends on the type of business ownership
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| What is a grant? | A non-repayable sum of money given by the government of the EU
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| What are retained earnings(Reserves or savings) | Available to a household or business that has made a profit and kept some income
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| What is a long-term loan? | Obtained from a financial institution for a period longer than five years.Household loads are called mortgages
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| What are creditors? | Businesses that allow households and businesses to purchase goods from and pay them at a later stage- usually giving up to 60 days to pay
🗑
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| What are amounts due? | Another form of creditors that supply services such as electricity and telephone and accept payment at later time
🗑
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| What is bank overdraft? | Banks may allows households and businesses current account customers to take more money out of thee current account than is in it
🗑
|
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| What is a term loan? | Loans obtained from financial institutions that are used for things such as purchasing furniture and equipment
🗑
|
||||
| What is hire purchase(HP)? | This offers immediate used and the eventual ownership of a good. Used to purchase cars,equipment and furniture
🗑
|
||||
| What is leasing? | Also known as hiring or renting. It is used for by people who require the use of something but not the ownership
🗑
|
||||
| What is the owners capital? | Money put up buy the owners of a business. The amount depends on the type of business ownership
🗑
|
||||
| What is a grant? | A non-repayable sum of money given by the government of the EU
🗑
|
||||
| What are retained earnings(Reserves or savings) | Available to a household or business that has made a profit and kept some income
🗑
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| What is a long-term loan? | Obtained from a financial institution for a period longer than five years.Household loads are called mortgages
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| kk |
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