Bank Finance

Beschreibung

AS level Business Unit 1 Mindmap am Bank Finance, erstellt von demi_preece123 am 30/03/2014.
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Mindmap von demi_preece123, aktualisiert more than 1 year ago
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Erstellt von demi_preece123 vor mehr als 10 Jahre
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Zusammenfassung der Ressource

Bank Finance
  1. ADVANCED ACCOUNT (fixed term) repay capital at the end of 2 years - monthly interest
    1. FIXED TERM LOAN
      1. Short term - 0-3 years
        1. Medium - 3-5 years
          1. Long term - 5years+
          2. MORTGAGE (secured laon)
            1. Floating Charge
              1. everything the business owns could be ceased up to the value of the money owed.
            2. OVERDRAFT - flexibility
              1. only get charged interest when you go into the 'RED'
                1. formal demand if you cannot clear the overdraft when the limit is reached
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