BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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security loan and permanent loan
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temporary loan and permanent loan
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secured loan and unsecured loan
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long-term loan and immediate loan
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Detailed explanation-1: -Secured loans require that you offer up something you own of value as collateral in case you can’t pay back your loan, whereas unsecured loans allow you borrow the money outright (after the lender considers your financials).
Detailed explanation-2: -The main difference between the two comes down to collateral. Collateral is an asset from the borrower-like a car, a house or a cash deposit-that backs the debt. Secured debts require collateral. Unsecured debts don’t.
Detailed explanation-3: -A secured personal loan is backed by collateral, meaning something you own can be taken by the bank if you do not pay the loan under the agreed terms. An unsecured personal loan does not require any form of collateral for you to qualify. Both types of personal loans have their pros and cons.
Detailed explanation-4: -DEFINITIONNon-spontaneous sources of funds are those fundsources that do not occur on the day-to-day operatinglevel of a firm.