Business Terms and Jargon Explained
What is Hire purchase
Hire purchase is a form of credit were an item is hired and the rental amounts paid is counted towards payment of the item. A deposit is paid that and an agreed amount will be payable of a period of time e.g. 12 months. At the end of the 12 months the item can be purchased for a nominal amount e.g. £1.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2009-07-30 10:28:18
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2021 Scopulus Limited. All rights reserved.