Additional Funds Needed (AFN)is the Gap Remaining Between the Financial

question 27

True/False

Additional funds needed (AFN)is the gap remaining between the financial capital needed and that funded by spontaneously generated funds and retained earnings.

---

Definitions:

Creditor Litigation

Legal proceedings initiated by a creditor to recover debts owed by a debtor, usually when other debt recovery methods have failed.

Security Interest

A legal claim or lien on assets or property, granted to secure the performance of an obligation or repayment of a debt.

Consumer Good

Goods produced and purchased for personal use, as opposed to those made for production or commercial use.

Perfected Interest

A legal status that gives a creditor priority over others in claiming collateral or property rights, typically involving a secured transaction that has been properly filed or recorded.