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  2. Credit agreements in South Africa - Wikipedia

    en.wikipedia.org/wiki/Credit_agreements_in_South...

    A credit facility is an agreement in terms of which a credit provider supplies goods or services, or pays an amount to the consumer. The consumer's obligation to pay the price or repay the money is deferred, in exchange for which the consumer pays interest and fees. Examples of a credit facility are credit advanced.

  3. Overdraft - Wikipedia

    en.wikipedia.org/wiki/Overdraft

    An overdraft occurs when something is withdrawn in excess of what is in a current account. For financial systems, this can be funds in a bank account. In these situations the account is said to be " overdrawn ". In the economic system, if there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within ...

  4. Types of bad credit business loans - AOL

    www.aol.com/finance/types-bad-credit-business...

    Notable lenders offering bad credit business loans include: Fundible: Fast prequalification and loan amounts ranging from $5,000 to $5 million and terms of 6 to 120 months. Credibly: Specializes ...

  5. Pros and cons of unsecured business loans - AOL

    www.aol.com/finance/pros-cons-unsecured-business...

    With a secured loan, the lender can take the collateral to recover losses if you fail to make payments. With an unsecured loan, the lender relies more on your creditworthiness and business ...

  6. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In finance, a loan is the transfer of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money ...

  7. Secured transaction - Wikipedia

    en.wikipedia.org/wiki/Secured_transaction

    Secured transaction. A secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entitled to foreclose on or repossess the collateral in the event of the borrower's default. The terms of the relationship are governed by a contract, or security agreement. [1]

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