Unit 25 finance source open

One of a series of regular payments made until all the money owed has been repaid

money borrowed for one year or less

money borrowed for more than one year

Finance provided by the owners of a business

Finance generated by the business from its own means

Profit held by a business rather than returning it to the owners and which may used in the future

Resources used or owned by a business, such as cash, stock, machinery tools and equipment

Finance obtained from outside the business

agreeements with a bank where a business spends more money than it has in its account (up to an agreed limit)

buying resources from suppliers, such as raw materials and components, and paying for them at a later date (sometimes called trade credit)