Definition of ‘Debt Term’
Money is lent to a business as debt which has to be repaid over a specified period and at a specific interest rate. The debt term is the period over which the debt has to be repaid.
Financial Projections Template Debt Term Definition
The debt term definition for use in the financial projections template is number of years over the debt must be repaid.
The debt term for the opening debt (entered on the balance sheet debt line of the template) can be different from the debt term for any new debt (entered on the cash flow statement new debt line of the template) taken on.
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