Elaborate the different finance functions in corporates
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- long-term finance
- medium term finance
- short term finance
Explantation:
- long-term finance: this includes finance of investment three years or more sources of long term finance include owner capital , share capital , long term loans , debentures , internal funds and so on
- medium term finance: this is financial done between 1 to 3 years this can be sourced from bank loans and financial institutions.
- Short term finance: this is finance needed below one year. funds may be acquired from Bank overdrafts, commercial paper, advance from customers, trade credit etc.
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