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Sources of Finance

Lender of Last Resort

Banks are financial institutions that have been lending funds to individuals and corporate bodies down the years. On occasions when an individual needs funds/face a liquidity crunch, he may …

Syndicated Loan

Syndicated Loan – Meaning A syndicated loan is an essential source of debt financing for corporate. It is availed from a group of lenders. Lenders include commercial banks, Government …

Flotation Cost

What is Flotation Cost in Finance? Flotation cost is the fee charged by investment banker for its assistance in raising new capital. This flotation cost includes legal fees, underwriting …

Temporary Overdraft

Temporary Overdraft – Meaning An overdraft facility is a credit facility where the borrower can withdraw more money from its bank account than the available balance. The banks extend …