Additional Funds Needed [AFN] Law and Legal Definition
‘Additional funds needed’ or AFN is a financial concept used when a business looks to expand its operations. Generally, when a business increases its sales level, more assets are required to meet that goal. Therefore the business should have a plan or some provision to actually finance the new assets that will be needed to increase sales. AFN is a way of calculating the funding that will be required.
Legal Definition list
- Additional Funds Needed [AFN]
- Additional Extended Coverage
- Additional Disclosable Party
- Additional Damages
- Additional Crop Insurance Coverage
- Additional Health Services
- Additional Instruction
- Additional Insured or Additional Interest
- Additional Legacy
- Additional Living Expense Insurance
- Additional Perils Clause
