Various sources of short-term finance Assignment

Various sources of short-term finance - Assignment Example The researcher of this essay aims to pay special attention to various kinds of short-term finance sources available to the business entities. Four of those short-term sources are discussed below. Trade credit is a conventional source of short-term finance such that the traders and manufacturers are facilitated by their suppliers to purchase the raw material on credit. The amount of credit is not provided in the form of cash rather the goods are supplied by the suppliers to the manufacturers or traders with facility to pay for those goods after a certain time period generally ranging from 30 to 90 days. Banks also provide the short term credit facility to their customers especially to the business with the availability of funds in the form cash. Normally banks offer different kinds of credit facilities including loans, overdrafts, cash credit and discounting of short-term bills. At times, when the goods are quite costly or they are to be delivered in bulk and large quantities, the cus tomers are asked by the companies to at least pay some amount in the form of advances. These advance payments are used by the companies to meet their short-term obligations. Cooperative banks are created at the district, community levels such that these banks offer credit facilities to the business entities. They offer better credit facilities as compared to the commercial banks in terms of interest rates and the repayment of the credit. ... ntional source of short-term finance such that the traders and manufacturers are facilitated by their suppliers to purchase the raw material on credit. The amount of credit is not provided in the form of cash rather the goods are supplied by the suppliers to the manufacturers or traders with facility to pay for those goods after a certain time period generally ranging from 30 to 90 days. Bank Credit Banks also provide the short term credit facility to their customers especially to the business with the availability of funds in the form cash. Normally banks offer different kinds of credit facilities including loans, overdrafts, cash credit and discounting of short-term bills. These facilities mainly differ in terms of interest rates, repayment mechanisms, credit limits, etc. Customer’s Advances At times, when the goods are quite costly or they are to be delivered in bulk and large quantities, the customers are asked by the companies to at least pay some amount in the form of ad vances. These advance payments are used by the companies to meet their short-term obligations. Generally, the customers do not feel any hesitation in providing advances to the customers when they are aware of the fact that those goods would require some time to be delivered and the goods are also not available easily elsewhere. Loans from Cooperative Banks Cooperative banks are created at the district, community levels such that these banks offer credit facilities to the business entities. They offer better credit facilities as compared to the commercial banks in terms of interest rates and the repayment of the credit. However, those business concerns are obliged to become the members of those communities in order to avail the credit facilities provided by these cooperative banks. Comparison of

What kinds of consent are there Can any of them explain our obligation Essay

What kinds of consent are there Can any of them explain our obligation to obey the state's commands - Essay Example dominion of a prince, which one might leave, every individual has given a tacit consent to his authority, and promised him obedience; it may be answered, that such an implied consent can only have place, where a man imagines, that the matter depends on his choice.† (Hirschhorn 2004), further demonstrates consent and notes, â€Å"Failure to follow ethical principles in the informed consent process can result in serious legal action through tort law (civil wrongdoing) and even criminal law, the lack of informed consent constitutes assault and battery.† Related to political theory, there are three main types of consent that will be explored. They are express, tactic and hypothetical. Although there are other forms in political theory, these are three main to be explored as they are the primary cause for debate within the spectrum. Express consent can be defined as total agreement with an order, demand or request. An example of this would be if someone was asked to meet at a location and they agreed. Another example would be if a state law required that all drivers wore their seatbelt and every driver of that state did while driving. Complying, agreeing and deciding to comply with a request, is express consent. In democratic nations, this is easier to define as the people elect officials to represent them in their best interest. If they do not, then the elected official is not re-elected. People in democratic nations also have the ability to live where they chose and states have individual laws that are not applicable beyond their bounds. (Allsop 2011) states, â€Å"The reasons to obey the law may be either prudential or moral. Prudential reasons are related to self-interest. This theory states members of society conform to the law out of fear of punishment or being socially outcast for being labeled a criminal.† Although people will inherently have express consent for many laws in that state, they may not understand or be aware of all laws they are subject to