What is the difference between Long term Loan and Debt?
Answers were Sorted based on User's Feedback
Answer / raghuamam
long term loans are taken for the purpose of long term
investments or capital investments but debt are taken for
the purpose of maintain the shot term financial needs of
the company.
| Is This Answer Correct ? | 19 Yes | 14 No |
Answer / sonali
Loan are secured by some collateral security or mortgagte.
Many times there are no collateral securities for debts.
At the time of liquidation debentureholders are paid in the
last after settelment of all the creditors.
| Is This Answer Correct ? | 10 Yes | 11 No |
Discuss your career progression.
Hi Friends, I was working for a bank firm for 1.3 years and i hve resigned in april 2010.The reason for leaving the job was that my cousin had promised me a job in Saudi unfortunately i did not get any job after being there now i am back in my home town looking out for a job here.My question is all companies will ask Why did u leave your previous job? Please do post your answers and help me out in getting a job since it has been already 6 months i am, without a job.
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