venture debt 是什么意思

问题如下：

Q. Which of the following combinations of financial characteristics most likely would be associated with a venture debt transaction?

选项：

A.Positive revenues and cash flow B.Declining revenues and cash flow C.Low revenues and negative cash flow

解释：

C is correct. These financial characteristics are typical of the start-up stage in the corporate life cycle, when it is suitable to rely on venture debt. A is incorrect because these are features of the maturity stage, when direct lending, mezzanine financing, and leveraged lending are customary. B is incorrect because these are features of the maturity stage, when direct lending, mezzanine financing, and leveraged lending are customary.