6.1

Raw materials that have not been turned into products

Money available from within the business

A payment made in order to borrow money i.e. more is paid back than borrowed

Something that is owned by a business e.g. a vehicle

Profit made in previous years that has not been used by the business

A period of time which suppliers allow customers before payment of supplies must be made

An asset a bank holds as security for the repayment of a loan

Loans from banks and building societies used to buy land and buildings

A flexible loan which a business can use whenever necessary up to an agreed limit. (These attract a high interest rate – usually)

A method of borrowing money against the purchase of an asset