What do we call a method of finance that is secured against land or property?
Mortgage
Bank overdraft
Grants
Which of the following is a short term source of finance with a high rate of interest?
Hire purchase
Bank loan
Which method of finance is only available to private or public limited companies?
Grant
Share issue
Which method of finance requires companies to meet certain criteria but does not need to be paid back?
Leasing
Venture capital
Which method of finance is used to purchase machinery or equipment without having to pay the whole cost at once?
Crowd funding
What is retained profit?
Money invested by the owner from their own personal funds
Money that is invested from family and friends
Previous year’s profits that are reinvested in the company
What is the name of the method of finance used for large sums of money that is paid back in monthly instalments with interest?
Retained profit
What is the name of the method of finance used for higher risk start-up ventures?
What is the name of the method of finance where small sums of money are invested from a large number of people, usually over social media or internet sites?
Which of the following is a short term source of finance?