A type of external financing that does NOT require a corporation to return the amount borrowed at a specific time and to regularly pay its cost.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter10: Financing And Producing Goods
Section10.2: Types Of Financing For Business Operations
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Identify the term being referred to: 

A type of external financing that does NOT require a corporation to return the amount borrowed at a specific time and to regularly pay its cost. *
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