which of the following is a source of short term finance<...
which of the following is a source of short term finance
hire purchase
overdraft
lease
debenture
Correct answer is B
An overdraft is an extension of credit from a lending institution when an account reaches zero. Overdrafts come with interest and additional fees and should only be used sparingly. An overdraft will allow you to borrow money through your current account. Usually there’s a charge. You might request one from your bank or your account might automatically offer you an overdraft
Loan (such as an overdraft) with or without a fixed maturity date, can be recalled anytime (often on a 24-hour notice) by the lender and must be paid in full on the date of demand. Also, the borrower can pay off a demand loan at any time without incurring early-payment penalties. Also called call loan or money at call.
The right of ownership with respect to goods or property is? ...
A cheque that has been drawn but not presented for payment can still be honored? ...
The monopoly right granted to an inventor is a ...
When a cheque has R/D written on it, it means that the cheque ...
Which type of advertisement induces consumer to purchase the goods he does not need? ...
Part payments made on allotted shares by subscribers is usually the ...
In Nigeria, the main source of pollution is? ...
Which of the following is not a function of warehousing? ...