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Types of Finances - Coggle Diagram
Types of Finances
personal finance
financial protection
Tax saving
Investing
Saving
retirement planning
Corporate finance
has relationships with other departments
Requires proper planning
Objective oriented
financial planning
Equity
It is long-term source of finance.
give the right to the holders to claim dividend on the surplus profits of the company.
Dividends for preference shareholders.
Debt
Long-term
Higher principal balance
Lower interest rates
collateral requirement and more significant impact on your monthly cash flow
Short-term
Quick finding time
easier ton acquire
need to be paid off within a year