Day: January 28, 2022

This is an arrangement whereby a company which owns some assets arranges to sell the same assets and at the same time agrees with the buyer to lease the same asset back at an agreed rental charge. This type of Read More …

This finance is obtained by companies by which purchase goods on credit and pay for such goods later. This “kind” and is available to companies which can pay bills on time as and when they fall due. It the largest Read More …

Debenture has its origin in the latin word Deboe which means “ I owe” it is a document that is evidence of a debt which is long term in nature, and confirms that the company has borrowed a specific sum Read More …

This acts as a source of finance in such as the company holding; such debtors can discount them with a bank and obtain immediate finance. They can be used as security for loans in particular overdrafts. The company can continue Read More …

Bills of exchange. As a source of finance, bills of exchange can be:- discounted endorsed given as securities for loans The commonest type of bills of exchange. Accommodation type of bills of exchange is that type where two parties A Read More …

The entrepreneur may obtain finance from the following main sources. Debt financing Equity financing External and internal sources. Debt financing requires a borrowing system and the entrepreneur is bound to pay back the funds borrowed together with interest payable. Debt Read More …

This refers to a co-operative. The term co-operative is derived from cooperation It is a body of people or a body of persons who have agreed to come together to achieve a certain goal. The members of the public get Read More …

This is the net price to which the government has stakes in. The government owns a certain percentage of the enterprises shares. Where a government has a fall ownership of the corporation, the business enterprise is known as a parastatal Read More …

Once all the required documents are properly filled with the registrar of companies is ratified with what is contained in these documents. The registration brings the company into being and the companies issued with a certificate of registration. The registration Read More …

This is document that defines that relationship between the company and outsiders. It informs the outsiders what the company does, the amount that is required. The memorandum of association is the company’s chatter constitution and once the company is registered Read More …