Finance

The type of finance available to individuals and to business organisations varies widely. It may be secured or unsecured. Examples include:

• • an overdraft facility;
• • commercial bills of exchange;
• • leasing finance;
• • hire purchase finance;
• • term loans; and
• • factoring or a receivables finance facility.

A default in the terms of finance by a business, particularly a default in payment, is the predominant trigger of a dispute concerning business finance. If the breach is not remedied, the financier may take steps to call up the loan and any security taken.

See Finance.