Sources of Finance (Junior Cert Business Studies): Flashcards

Within 1 year (12 months)

1 to 5 years

Over 5 years or no repayment needed

UCCR: Use, Cost, Control, Repayments

Withdraw more money than in account, up to agreed limit

Purchase supplies on credit, pay at future date

Expenses incurred but not yet paid

Rent asset with full use but never own it

Transfers to business after final payment

Profits reinvested back into company, not distributed

Money from govt/EU that doesn't require repayment

Raising finance by selling shares (partial ownership)

Sell asset to raise money, then lease it back for use

51%

No repayment obligations or interest charges