short term sources of finance

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4 Terms

1
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bank overdraft

covering short term expenses that can be repaid quickly

2
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trade credit

paying for stocks or goods later when the goods have already been sold

3
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reasons for finance

  • paying for expenses

  • expanding a business

  • investing a new products and services

  • starting a new business

  • paying for unforeseen costs

4
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short term

sources of finance that are repaid immediately or quite quickly and are used for costs such as buying stocks or paying a utility bill