account holder can withdraw more money from their current account than they have in it. Must be arranged in advance
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15
Share Capital
money invested into a business by its owners (shareholders)
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Check
lifesaver
Give 20 points!
Oops!
rocket
Go to first place!
Okay!
gift
Win 20 points!
Okay!
baam
Lose 25 points!
Oops!
boom
Lose 50 points!
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seesaw
Swap points!
Okay!
rocket
Go to first place!
Okay!
banana
Go to last place!
Oops!
15
Hire Purchase
: the purchaser pays an initial deposit and a finance company pays the balance to the seller. Ownership is transferred to the buyer when the last payment is mad
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15
Trade Creditor
suppliers may provide up to 60 days credit
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15
Factoring
selling money owed by debtors to a factoring company to get immediate payment
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15
Mortgage
specifically used to purchase property. Repaid over 20 â 30 years
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Check
seesaw
Swap points!
Oops!
magnet
Take 20 points!
Okay!
shark
Other team loses 20 points!
Okay!
banana
Go to last place!
Oops!
15
Invoice Discounting
allows the business to borrow money against its outstanding sales invoice.
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15
Leasing
renting an asset over a number of years.
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thief
Give points!
5
10
15
20
25
gold
Win 50 points!
Okay!
shark
Other team loses 10 points!
Okay!
baam
Lose 15 points!
Oops!
15
Debentures
long-term loan with a fixed interest rate and specific repayment date
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15
Medium-term Loan
accessible from banks and credit unions. Borrowers make fixed repayments (which cover repayment of the loan plus interest) over an agreed time period, between o
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15
Grants
money provided by the government, local authority or EU