Types of Business Loan Business Loan Definitions

Types of Business Loan Business Loan Definitions In this research of this report am trying to find the different loan options that available to small and medium businesses from banks or other financial institutions. The research it will open the window on the different terms of loans i.e. short term, medium term and long term and it is up to the businesses to decide which is the most affective for the business. Also In this research will going to look at the loan types with details, the eligibility requirement and the application process for each with supporting information and documents will be provided for each loan. A loan can be defined as: An amount of money that is borrowed, often from a bank and it has to be paid back with an interest. (Press, 2017) There is two main forms in this research: The banks were visited and the online web researches. Bank of Ireland, AIB and Credit Union which were visited to collect some leaflet relating to the types of loan research. Online Web searches related to the subject within Republic of Ireland. Businesses loans are a sort of finance and are classified as a short term, Medium term, and long term. In this research will give some examples of uses for each loan type. Short term Money that is lent for a short time, usually less than one year. Short term loans assist businesses that their businesses is seasoned like retail businesses and businesses who like to build up inventory. Short terms are to raise working capital to cover temporary deficiencies in funds so you can meet your expenses. Medium Term A loan that must be paid back between two t ten years after the money is borrowed Term Loan usually designed to finance the purchase of fixed assets. It is also a method of paying for equipment in instalments. Long term A loan that is to be paid back over a period of time between three and ten years and sometimes for as long as twenty years. Term Long loan is usually for investments .Loan instalment and mortgage payments made with 12 month count as current liability and the outstanding debt or mortgage beyond 12 months is long-term liability.   Bank overdraft are a short term financial institution allowing businesses to issue cheques or make withdrawals on their current account, up to a specified amount. Interest is charged on daily basis on the amount of the overdraft used. Mostly, overdrafts are used by a business in managing its working Capital. Eligibility Flexible repayment Business loans tailored to your cash flow. Borrow up to 100.000 per annum. Application Process Applying could be online by completing an application form available. later will be a meeting from the bank with a loan-adviser to discuss your business requirement and if there Also you will required to with any other additional documentation in order to process your request. You can apply over the phone Business loans eligible for Business customers who are based in the Republic of Ireland and over 18s. This type of finance used to fund a wide range of moveable businesses and equipment, from machinery to transport vehicles. The bank buys the asset and leases it to the businesses by lease agreement that gives the business the use of assets for a time (3-5) years, in return for payment monthly to the bank. At the end of the lease by paying an annual rental to the bank, it can trade the asset in, or the asset may be bought outright. 2 types of business plan with the interest rate, Tax deductible and Vat reclaim. Offered by A I B. Eligibility Minimum advance à ¢Ã¢â‚¬Å¡Ã‚ ¬30.000 Maximum à ¢Ã¢â‚¬Å¡Ã‚ ¬150.000. Minimum term 10 years, Maximum term 15 years. Security required loan must secured by first charge on appropriate legal instrument. Loan Insurance is mandatory and is paid by member s. 6.50% current variable rate, Annual by 6.7%. Application Process Arrange a meeting with your at the department of loans manager. Complete the Application form in full. Gather any additional supporting documents or information that maybe required by the bank. And will be informed by the bank if any additional requirements wanted. Business loans eligible for Business customers who are based in the Republic of Ireland and over 18s. Although there are many types of loans available for businesses requirements and they are available and facilitated by the financial institutions. The conclusion is that businesses should be aware of what type of businesses is affordable depending on the capacity of business. Those financial institutions or the banks will be required to advance loans after center conditions set out in the agreement have been satisfied. Repayment of loans depends on sources that can generate cash during in a single operation cycle. Finally, the most important consideration, however the ability of the businesses to repay the amount of loans. References Allied Irish Bank PLC. (2017, January 20). Business.aib.ie. Retrieved from https://business.aib.ie/products/finance-and-loans/asset-finance Bank of Ireland. (2017, January 20). Buisness Loans Loans Bank of Ireland. Retrieved from https://businessbanking.bankofireland.com/credit/business-loans/small-business-loan/features-and-benefits/ Bank of Ireland. (2017, January 20). Small Business Loan Application Bank of Ireland Forms. Retrieved from https://form.bankofireland.com/small-business-loan-application/?facility=Loan Class Handout and Booklet. (n.d.). Douglas, A. (2003). Business Administration. Dublin: Gill Macmillian. Press, C. U. (2017, January 19). dictionary.cambridge.org. Retrieved from dictionary.cambridge.org: http://dictionary.cambridge.org/us/dictionary/english/loan

Merck’s Risky Bet on Research

While Kenneth Frazier worked liability suits for Merck, he caught the company’s attention and they hired him in 1992. By 1999 Frazier was appointed Merck’s general counsel. Merck saw that Frazier had several good personality traits and values that would benefit their organization. Kenneth Frazier is a very hard-working man and has been taught not to fail and to push himself to excellence. Frazier has always pushed himself to always do better, he has never just settled. Frazier likes to take risks to see how far he can push himself and to see what he can accomplish. Frazier has a very high self-esteem and a need for achievement. Under the five big personality traits, Frazier best fits under openness to experience. He is willing to take risks and is daring and open minded. I believe one of the most important terminal values to Frazier is a sense of accomplishment. Even though, there are several terminal values that I believe are important to Frazier, I feel this is the most important. Frazier lost his mother at a very young age and was raised by his hard-working father. His father taught him to work equally as hard and to always strive for excellence. Frazier believes that at work he should never back down and always strive for more, and that you must work hard to accomplish everything you want. This especially showed when Merck found their drug Vioxx was doubling the risk of heart attach and strokes and Frazier fought each case instead of taking the easy way out and negotiating settlements. Frazier won 11 of the 16 cases. Frazier was determined to win and he did. Frazier gets pleasure from achieving his goals and enjoys the social recognition that he gets by winning his cases. Instrumental values are just as important as terminal values. The most instrumental value that stands out in Frazier is his ambition. Frazier is not only hard working but understands what it takes to achieve his goals. A few of the other instrumental values that I feel are important to Frazier are being responsible, polite, and daring. Working as a litigator or in management you will not always be liked. At times people will go against you and not agree with what you are doing. Frazier is daring as he goes against others but when he must go against others he does it respectfully and politely so he can get others to take his side and agree with him. Frazier has some very important personality traits that will help him influence Merck’s culture in his role as CEO. Frazier’s openness to experience gives him the ability to have an open mind and the ability to take risk that will allow him to move the company forward. Frazier also has the ability as CEO to mentor other managers to achieve the company’s goals. After watching Frazier handle some of Merck’s liability suites, the company decided that Frazier would be a valuable asset. Merck could see that Frazier had some very important personality traits that could benefit their company.

Othello – Consider the significance of Act 3 Scene 3 to the play as a whole

What impressions does this episode make on the audience and by what means? How does Shakespeare prepare the audience to find this episode believable? Othello was written by Shakespeare around 1602 and was set 35 years previously to that time (around 1571) during the Elizabethan era. Shakespeare got the idea for the play from the Italian Novella ‘Gli Hecatommithi' and only changed minor details slightly. He kept the same plot but some of the characters and themes in the play were very different. The play itself is a tragedy and includes the things that Aristotle defined as what a tragedy should include. Firstly, a protagonist, this is Othello. He is the protagonist as the play shows the story of his fall from a place of eminence as is required in all tragedies according to Aristotle. Othello is a tragic hero in that he portrays a man with much greatness. Othello also has many weaknesses. In order to really understand the character of Othello, we have to understand him as a tragic hero with greatness and weakness. At the beginning of the play his life is in order, as he was married to the beautiful Desdemona, the younger daughter of a well-respected Senator, Brabantio. However, Othello is a Moor, and their marriage was frowned upon. In the play Othello is seen as a ‘moor' therefore an outsider, he has to try to come to terms with Venetian rules. His fatal flaw is his jealousy, which is set off by Iago, the villain of the play. This noble man meets with tragedy by falling to Iago's temptations and believing that his wife is unfaithful to him. This is because Iago is the antagonist in the story, also a vital part to a tragedy. He plays on Othello's weakness, bringing out his fatal flaw of jealousy and making him believe that Desdemona and Cassio are having an affair. During the course of the play, Iago kills Roderigo and Emilia, his wife; and he stabs Cassio, wounding his leg. His manipulation leads to the deaths of Desdemona and Othello. In the play there is physical movement of the characters from Venice to Cyprus, which helps towards the insecurities of Othello developing further. Venice was where the love between Desdemona and Othello developed and therefore gives the relationship a sense of security. In Venice any problems there is order and control and any problems are dealt with swiftly and even though Othello is still an outsider he is valuable to them. However, the move to Cyprus makes Othello vulnerable in that he is no longer valued and is being moved away from what he knows – into the unknown, which makes it easier for Iago to play on Othello's insecurities as they are more susceptible to attack. Before they move there is a storm, which relates to the turbulence to Othello's life that will be brought with the move. The scene I am focusing on is Act 3 Scene 3; this is the longest and most dramatic scene in the play. It is the climatic turning point of the play and is significant in that it is the first time Iago really begins to take hold of Othello, to manipulate him and make him lose his trust in Cassio and Desdemona. A key event in this scene is when Iago says â€Å"Ha! I like not that† As this is the beginning of Iago's manipulation over Othello making Othello curious as to what Iago means and therefore making sure Iago has Othello's attention. Iago plays on Othello's insecurities here and makes Cassio's exit seem guilty. In this scene one of the most noticeable changes is that of Othello's language. Prior to this scene Othello's language is gracious and noble, though he claims it is not we can see clearly that it is, for example when he says he does not just lust after Desdemona â€Å"To please the palate of my appetite, nor to comply with heat the young affects In my distinct and proper satisfaction, But to be free and bounteous to her mind† At the beginning of the scene his language is still gracious and he is still free of Iago. He says â€Å"sweet Desdemon† which is the last time he shows his affection to her as Iago gets his hold over him soon after this. However, during Act 3 Scene 3 his language begins to change, it becomes more suspicious and begins to resemble Iago's language as he begins to use imagery. He also begins to curse as Iago has done previously, Othello damns Desdemona to hell, all this shows the hold Iago has over Othello and how he has already been able to influence him. He is doing this by using Othello's insecurities to get to him, as he is a ‘moor' (is black) he has already felt like an outsider and this also allows Iago to be able to get to him. Othello says, â€Å"Thou echoest me, as if there was some monster in thy thought too hideous to be shown† this simile shows that Iago's insinuations are beginning to affect Othello. This is an example of Othello's dramatic language and the use of different literary devices. However previously in the play he claims to lack gracious speech â€Å"Rude am I in my speech† but proves himself to have the most exquisite and gracious use of language of all the characters, but this is all before Act 3 Scene 3. During and after this scene, his previously emotive and strong language becomes more fragmented as he becomes more consumed with his jealousy and has aggressive outbursts such as â€Å"Damn her, Lewd minx! † which completely contrasts with the language he would have used before this scene and shows how he has changed and the beginning of his downfall. He becomes very nearly unable to make full sentences â€Å"Noses, ears, lips. Is't possible? Confess! Handkerchief! O devil! † showing his upset and extreme anger. Othello himself hates chaos and disorder but in this scene we begin to see language becoming much more chaotic and losing its order. This shows the previous scene to be ironic as it shows Othello checking the battlements, which is his public life, though it is his private life that is actually in danger. Also in Act 3 Scene 2 it shows Iago helping to check the battlements, which again is ironic as Iago is the one trying to break down his defences in his private life. His language continues in this chaotic and fragmented structure until he kills Desdemona and realises his error. After this, both his character and his language are restored to their former selves. Iago also uses interesting language in the play, however throughout his language is of a manipulative manner and does not change much throughout the play, one of his main types of manipulative language is imagery, for example â€Å"it is the green-eyed monster which doth mock the meat it feeds on†. The green eyed monster symbolising jealousy and helping to implant ideas in Othello's mind about Desdemona having an affair, it is also ironic in that Iago is inferring that Othello is being deceived by Desdemona when it is actually Iago that is deceiving him. In his deception of Othello, Iago also influences his language and Othello begins to use imagery too, this shows the effect of Iago is actually having on Othello and how successful he is. Iago manages to successfully manipulate Othello and gets a persuasive effect by manufacturing expressions. Iago manages to stay in control of his language throughout the play and uses anti-heroic language, which is the complete opposite of Othello. Iago speaks plainly and directly, always being very self-assured. Iago's manipulation must have been done for a reason and there are many possible interpretations of Iago's motivation. One of these interpretations is that Iago is gay. This would explain why he wanted to trick Othello, if he was attracted to him. This may mean that Iago wanted Desdemona out of the way because he was jealous. However another reason may be that he is attracted to Desdemona. This would explain when Iago says â€Å"My friend is dead; ‘Tis done at your request. But let her live† This is either Iago actually attempting to stop Othello from killing Desdemona, however he could also have said this to plant the idea of killing her in his head. Iago also says â€Å"Now, I do love her too† in Act 2 Scene 1 which shows that it is possible that he has fallen in love with Desdemona, though he could be saying this because she is aiding him with Othello's demise. If Iago did feel strongly about her, again his jealousy could take over and cause him to manipulate Othello. His jealousy of them and their relationship is likely to have played a big part in his motivation, whatever it may be. Even though these are all possible motivations, Iago uses the excuse that it is because Othello gave a better job to Cassio and he wants revenge. A reason that I consider more likely is that Iago is racist and, like Othello, doesn't like to see people who he believes are inferior to him tainting his superiority. So therefore it angers him to see Othello, a moor, an outsider and inferior to him, having an important job and having a beautiful white wife and thus has a higher social standing than him. Basically, this interpretation boils down to Iago's pride getting the better of him and him being able to manipulate the other characters makes him feel superior. In the play Shakespeare uses many dramatic devices in order to forward the story of the play. Women in the play have been used, such as Bianca, both to help Iago in his manipulation and move the play forwards. Bianca is used purely as a dramatic device, being used in Iago's manipulation and being used by Cassio too. Emilia is also used as a dramatic device in that she has split loyalty and allows herself to be controlled by Iago to get love from him and unknowingly helps Iago and betrays Desdemona. Desdemona however is much less impressionable; she is more strong willed and emotional. Her loyalties are not split, as she is loyal to Othello but is unknowingly used to further Iago's plot for revenge. The handkerchief is a very significant dramatic device as it is used to further Iago's plot and finally sending Othello over the edge. This handkerchief links all the women together and is a very meaningful symbol. The colour of the handkerchief is important. The white of the handkerchief could symbolise innocence and purity with the red of the handkerchief symbolising blood. This could also be blood on the wedding night, which shows the strong bond that they have, but when the handkerchief is lost then the bond between the two of them is also broken allowing Iago's plan to end successfully. However the red on the handkerchief that may symbolise blood, could also be carried on to symbolise death, which is foreshadowing the end of the play. We can believe that Act 3 Scene 3 could have actually taken place for many reasons. Firstly we must consider ‘honest' Iago's status. Iago has been put in a job in which he has to be near Othello and is considered a friend by him. Iago is very trusted by all the characters that he is able to use in his plot, therefore making it much easier for himself, often being referred to as ‘honest Iago'. Iago also has very strong persuasive techniques and is very skilled with them, allowing him to use skills language such as imagery to his advantage. Along with this, in true tragedy style, Othello has flaws, as does any protagonist in a tragedy. He is flawed in that he takes people at face value and is extremely trusting. This flaw allows Iago to manipulate and persuade him round to whatever Iago wants him to think. In this scene it is easy to see that Iago has a huge hold over Othello already. This is because Othello takes Iago at face value and believes him to be an honest man, also because the problems Iago is inferring are all part of his insecurities. He was already insecure as he was an outsider as a moor but in Venice he was needed so had some security as this was also where his and Desdemona's love developed. This meant he had a sense of security in both his public and private life. However the move to Cyprus and into the unknown made him even less secure making him believe anything without asking about it and even the slightest evidence seems like solid proof to him. This is believable because the language change has showed us that he is insecure. This brings the play to a tragic close filled with death and realisation and shows the scene to be believable.

The Crimes of Florida Death Row Inmate Tiffany Cole

Tiffany Cole, along with three co-defendants, was convicted of the kidnapping and first-degree murder of a Florida couple, Carol and Reggie Sumner.   A Trusted Friend Tiffany Cole knew the Summers. They were a frail couple that had been her neighbors in South Carolina. She had also bought a car from them and had visited them in their home in Florida. It was during one of those visits that she learned that they had sold their South Carolina home and made a $99,000 profit. From that point on, Cole, Michael Jackson, Bruce Nixon, Jr., and Alan Wade  began plotting a way to rob the couple. They knew that gaining access to their home would be easy since the Summers knew and trusted Cole. The Robbery On July 8, 2005, Cole, Jackson, Nixon, Jr., and Alan Wade went to the Summers home with the intention of robbing and killing the couple. Once inside the home, the Summers were bound with duct tape while Nixon, Wade, and Jackson searched the home for valuables. They then forced the couple to their garage and into the trunk of their Lincoln Town Car Buried Alive Nixon and Wade drove the Lincoln Town Car, followed by Cole and Jackson who were in a Mazda that Cole had rented for the trip. They were headed to a spot located right across the Florida line in Georgia. They had already picked out the spot and prepared it by digging a large hole two days earlier.   When they arrived Jackson and Wade led the couple into the hole and buried them alive. At some point, Jackson had forced the couple to tell him their personal identification number for their ATM card. The group then abandoned the Lincoln and found a hotel room to stay in for the night. The next day they returned to the Summers home, wiped it down with Clorox, stole jewelry and a computer which Cole later pawned. Over the next few days, the group celebrated their crime by spending several thousand dollars that they got from the Summers ATM account. The Investigation On July 10, 2005, Mrs. Summers daughter, Rhonda Alford, called authorities and reported that her parents were missing.   Investigators went to the Summers home and discovered a bank statement which showed a large sum of money in it. The bank was contacted and it was learned that an excessive amount of money had been withdrawn from the account over the past few days. On July 12, Jackson and Cole, posing as the Summers, made a call to the Jacksonville Sheriffs Office. They told the detective that responded to the call that they had left town quickly due to a family emergency and they were having problems accessing their account. They were hoping that he could help. Suspecting that they were not really the Summers, the detective contacted the bank and asked them not to block any withdraws from the account so that he could continue his investigation. He was then able to track the cellular telephone that the callers used. It belonged to Michael Jackson and records showed the phone had been used near the Summers home at the time that they disappeared. There were also several calls made to a car rental company who was able to provide the detective with a description of the Mazda that Cole had rented and which was now overdue. By using the global tracking system in the car, it was determined that the Mazda had been within blocks of the Summers home on the night that they went missing. Busted On July 14, the entire group, with the exception of Cole, was caught at a Best Western Hotel in Charlestown, South Carolina. Police searched the two hotel rooms that were rented under Coles name and found personal property belonging to the Summers. They also found the Summers ATM card in Jacksons back pocket. Cole was caught at her home near Charlestown after police got here address through the car rental agency where she rented the Mazda. Confession Bruce Nixon was the first co-defendant that confessed to murdering the Summers. He provided the police with the details of the crimes that were committed, how the robbery and abduction were planned and the location of where the couple was buried. Dr. Anthony J. Clark, Medical Examiner for the Georgia Bureau of Investigation performed autopsies on the Summers and testified that they both died after being buried alive and their airways passages became blocked with dirt.   Cole Pleads Her Case Cole took the stand during her trial. She testified that she thought that the crime would be a simple theft and that she did not knowingly participate in the robberies, kidnappings, or murders. She also said that she was at first unaware that the Summers were in the trunk of their Lincoln and that they were being taken to the pre-dug gravesite. She then said the holes were dug in order to scare the Summers into giving up their ATM PIN numbers. Conviction and Sentencing On October 19, 2007, the jury deliberated for 90 minutes before finding Cole guilty of two counts of first-degree murder, on both premeditation and felony-murder theories, two counts of kidnapping, and two counts of robbery.Cole was sentenced to death for each murder, life imprisonment for each kidnapping, and fifteen years for each robbery.  She is currently on death row at the  Lowell Correctional Institution Annex Co-Defendants Wade and Jackson were also convicted and sentenced to two death sentences.  Nixon pleaded guilty to second-degree murder and was sentenced to 45 years in prison.