Accounting · Sources of Finance
A particular source of finance has the following characteristics: fixed payments, a fixed repayment date, it is secured on the assets of the company, and the payments are classified as an expense. Which of the following best describes this source of financ e?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An overdraft
- 2A loan note✓
- 3An irredeemable preference share
- 4A redeemable preference share
Correct answer
A loan note
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