BANKING AFFAIRS

Detailed explanation-1: -Finance can be divided broadly into three distinct categories: public finance, corporate finance, and personal finance. More recent subcategories of finance include social finance and behavioral finance.

Detailed explanation-2: -What Is Takeout? In the context of finance, the term takeout can refer to: A long-term loan that replaces another loan, often a short-term one. A slang term for the purchase of a company via an acquisition, merger, or buyout, thus taking the target company out of play.

Detailed explanation-3: -Financing terms can also relate to the specifics of a particular loan, mortgage, or credit facility. They would spell out the interest rate, due dates of payments, and number of payments anticipated.

Detailed explanation-4: -The correct answer is e) Government grants. Equity funding is a source of funding where the equity-holders are given a share in the ownership of a firm in exchange for investing in it. Examples include initial public offering, follow-on public offering, angel investing, private placements, and venture capital funding.