Business

3. any funds that you borrow, receive or have as an individual in your own name and not under the business
7. non-repayable funds given by government when certain conditions are met
8. Payments for the regular running of the business
10. When a firm has a variable need for finance
12. expected to keep providing benefit for more than one year, such as equipment.
14. the profit left after all deductions, including dividends, have been made
15. money or property owned which you use to start a business
16. bank agrees to a business borrowing up to as agreed limit as and when required.

1. delaying the payment of bills for goods
2. financial benefits given by the government to a business or an individual (low income, primary sectors, etc).
4. the profit left after all deductions, including dividends, have been made; this is ‘ploughed back’ into the company as a source of finance
5. an arrangement in which the company that sells an asset can lease back that same asset from the purchaser
6. the capital of a business which is used in its day-to-day trading operations
9. Spent on fixed assets. Long term function.
11. a person or institution that owes a sum of money to someone.
13. selling of claims over debtors to a debt factor in exchange for immediate liquidity