: 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
Sale and Leaseback
selling an asset, e.g. premises to an investor and leasing it back from the new owner
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15
Retained Profit
portion of the annual profits reinvested in the business
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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
cash
using cash reserves to pay for day-to-day business expenditure
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15
Bank overdraft
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
Factoring
selling money owed by debtors to a factoring company to get immediate payment
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heart
Other team wins 20 points!
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shark
Other team loses 25 points!
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gift
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thief
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Share Capital
money invested into a business by its owners (shareholders)
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eraser
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thief
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Invoice Discounting
allows the business to borrow money against its outstanding sales invoice.
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thief
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rocket
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gift
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lifesaver
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banana
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shark
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lifesaver
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15
Debentures
long-term loan with a fixed interest rate and specific repayment date
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15
Crowdfunding
seeking small amounts of money from a large number of people