hire-purchase
hire-purchase (HP) Method of acquiring goods by making a deposit, then paying the rest, with interest, in regular instalments. The vendor usually has an agreement with a financer who pays the full price of the goods. The buyer becomes full owner of the goods only after repaying the financer.
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DOWN PAYMENT , DOWN PAYMENT
A percentage of the total purchase price of an item that is proffered when the item is bought on credit.
In an installment sales agreeme… Buyer , buyer •acquire, admire, afire, applier, aspire, attire, ayah, backfire, barbwire, bemire, briar, buyer, byre, choir, conspire, crier, cryer, defier,… Mezzanine Financing , Mezzanine financing is a hybrid between debt and equity. In a multi-tiered financing of an operation, for instances, the sources of money will be sen… Purchase , pur·chase / ˈpərchəs/ • v. [tr.] 1. acquire (something) by paying for it; buy: Mr. Gill spotted the manuscript at a local auction and purchased it fo… Paxton's Case Gray, Mass. Repts., 51 469 (1761) , pay1 / pā/ • v. (past paid ) 1. [tr.] give (someone) money that is due for work done, goods received, or a debt incurred: [tr.] he paid the locals to… Consumer Goods , CONSUMER GOODS
Consumer goods are goods or services that are ready for consumption by individuals, social groups, or governmental bodies. Consumer go…
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hire-purchase