Explain briefly the long term sources of finance.

Long-term sources of finance refer to the financial resources that a company can access for an extended period of time, usually for more than a year. These sources of finance are used to fund capital-intensive projects, such as the purchase of fixed assets, expansion of operations, and research and development activities. Some of the most common long-term sources of finance include the following:

1. Equity: Equity financing refers to the capital raised by a company through the sale of its shares to investors. This is a long-term source of finance since investors hold the shares for an extended period and can benefit from any potential capital appreciation in the future. Equity financing can be further classified into two types: public and private equity.

2. Debt: Debt financing refers to the capital raised by a company through borrowing from external sources, such as banks, financial institutions, or bond markets. Debt is typically repaid over an _______ ________ _________ ________ ____ __________ _____ ____ _______ _______ ______ ____.
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