Loans

TYPES OF PERSONAL LOANS – THESE ARE THE OPTIONS YOU HAVE

Personal loans are loans obtained for different short-term reasons. These reasons are generally more personal such as emergencies. Financial institutions provide personal loans for short to medium term use. Personal loans come with many advantages which may make them favourable for certain individuals. For example, they come with easy and flexible repayment schedules. On the …

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7 Types of Long-term Debt: Definition, and Explanation

Definition: Long-term debts are non-current liabilities with obligations beyond one year. Long-term debt can be viewed from two perspectives: financial statement reporting by issuer and financial investing. The balance sheet must record long-term debts and the related payment obligations in the non-current section of the balance sheet. On the other hand, investing in long-term debt …

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