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Chapter 24 - Coggle Diagram
Chapter 24
Types of finance
Short Term Finance :
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An example of short term finance would be overdraft which is a safety net for when a business spends more than the amount in their bank account and you pay a percentage charge on how much you go over
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Factoring
A business who owes money sells the debt to a factoring business which is a specialist company of a bank
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Debentures
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They do not borrow money from the bank but sells the debt to the investors these are called loan stocks or stocks
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