Discharge and EFG: Difference between pages

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1.  ''Law.''
''UK''


Release from an obligation, debt or liability.
The UK government's Enterprise Finance Guarantee.


The loan guarantee scheme guarantees the lender for up to 75% of advances under a loan to or invoice financing arrangement for smaller businesses. The advance remains an obligation of the borrower to the lender. The purpose of the scheme is to facilitate lending to viable businesses that have been turned down for a normal commercial loan due to a lack of security or a proven track record.


2. ''Law - contract.''
EFG is managed by British Business Financial Services, a wholly-owned subsidiary of British Business Bank plc, but remains on the balance sheet of the Department for Business, Innovation and Skills. The government provides a guarantee to the lender, but has no role in the decision making process and is not party to the loan agreement.  


Abbreviation for discharge of contract.


==See also==
*[[Export Credits Guarantee Department]]


3.  ''Duties and responsibilities.''


Carrying out any duty or responsibilities.
===Other links===
 
[http://british-business-bank.co.uk/market-failures-and-how-we-address-them/enterprise-finance-guarantee/understanding-enterprise-finance-guarantee/ Understanding the enterprise finance guarantee]
For example, financial reporting seeks - among other purposes - to provide information about how efficiently and effectively management has discharged its responsibilities to use the reporting entity's economic resources.
 
 
== See also ==
* [[Collection]]
* [[Contract]]
* [[Debt]]
* [[Disbursement]]
* [[Discharge of contract]]
* [[Duty]]
* [[Financial reporting]]
* [[Law]]
* [[Liabilities]]
* [[Obligation]]
* [[Payment]]
* [[Persons discharging managerial responsibility]]
* [[Remittance]]
* [[Reporting entity]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Trade_finance]]

Revision as of 09:18, 27 March 2016

UK

The UK government's Enterprise Finance Guarantee.

The loan guarantee scheme guarantees the lender for up to 75% of advances under a loan to or invoice financing arrangement for smaller businesses. The advance remains an obligation of the borrower to the lender. The purpose of the scheme is to facilitate lending to viable businesses that have been turned down for a normal commercial loan due to a lack of security or a proven track record.

EFG is managed by British Business Financial Services, a wholly-owned subsidiary of British Business Bank plc, but remains on the balance sheet of the Department for Business, Innovation and Skills. The government provides a guarantee to the lender, but has no role in the decision making process and is not party to the loan agreement.


See also


Other links

Understanding the enterprise finance guarantee