Creditors and Debtors.docx

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Department
Management and Organizational Studies
Course
Management and Organizational Studies 2275A/B
Professor
Frederick King
Semester
Fall

Description
Creditors and Debtors 12/4/2012 6:58:00 AM Creditors and Debtors  Mortgages – security on a new building o The security is a fixed terms loan o Borrowing large, long-term loans uses fixed interest rates o Risk premium on the loan is established on the first day of the loan o Strong covenants during the loan so the bank can ensure the borrower doesn’t become riskier over the life of the loan  Line of credit – overdraft on a chequing account o Draw from the LOC to pay for expenses during the fiscal year o Pay it back as available o Interest – each month interest is
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