Chiara
Mon Oct 07 2024
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7 answers
1329
What are 2 examples of short term finance?
Could you please elaborate on what you mean by "short term finance"? However, generally speaking, two common examples of short-term finance would be overdraft facilities and short-term loans. An overdraft facility allows an individual or business to withdraw more money from their bank account than they have available, typically for a short period of time and with a fee or interest rate attached. Short-term loans, on the other hand, are loans that are typically repaid within a year or less, often used to cover unexpected expenses or to bridge a gap in cash flow. These loans typically have higher interest rates than longer-term loans, but offer the flexibility of quick access to funds.
Alessandro
Sat Sep 28 2024
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6 answers
1119
What is short term finance answer?
Excuse me, could you please clarify what you mean by "short term finance answer"? Are you looking for a concise explanation of what short-term finance entails, or are you seeking specific examples or strategies related to it? Short-term finance generally refers to the process of obtaining and managing financial resources to meet short-term operational needs and obligations, such as paying for daily expenses, managing cash flow, and addressing any unforeseen financial challenges. Is there a particular aspect of short-term finance that you'd like me to elaborate on?
