Intermediate-Term Financing:"Term loan are bank or installation loans for the period in excess of one year but usually less than ten years. Most term loans nature under five years."
- Button & Conn
Read: Time Value of Money
"Intermediate term financing generally is thought to include maturities of one to five years."
- James C. Van. Horne
"Intermediate financing ordinarily refer to loans that for more than one year often for up to five years and sometimes up to ten years."
- Guthman & Dougall
Long-Term Financing:"The firm's evidence of long deletes in which it typically promise to pay the bondholder a specified number of dollar of interest over a specified period and to reply the loan at the end of that period."
- Bolton and Conn
Bond or Debenture:"When the corporation borrows fund on a long-term basis, it issues a long-term promissory note called a bond, to the lender."
- L. D. Schall & C. W. Haley
Bond Indenture:"Bond indenture is the legal agreement between the corporation issuing bonds and the bond holders."
- J. C. Van Home