A type of external financing that does NOT require a corporation to return the amount borrowed at a specific time and to regularly pay its cost.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
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Identify the term being referred to: 

A type of external financing that does NOT require a corporation to return the amount borrowed at a specific time and to regularly pay its cost. *
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