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Debt
Long-term
Mortgage
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Created by
parris triantos
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Cards (2)
Mortgage
A loan secured against the asset being purchased over 15 -
30
years
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Mortgage
+ allows a business to purchase long-term assets
+ interest rates are
lower
than other forms of borrowing
- take a
long
time to repay
- asset can’t be sold or used as
security
for further borrowing until the mortgage has been
repaid
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