Hugh starts his own animation company by borrowing funds from his parents.His parents tell him that he can repay them when the business is generating profits.This is an example of _____.

Name: Hugh starts his own animation company by borrowing funds from his parents.His parents tell him that he can repay them when the business is generating profits.This is an example of _____.
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Question

Quizplus · Accepted Answer

This is an example of deferral, where the repayment of funds is postponed until the business is generating profits.

Hugh Starts His Own Animation Company by Borrowing Funds from His