GLOSSARY OF TERMS
Hire Purchase
Hire Purchase (HP), also known as an Installment Plan, is an arrangement whereby a client agrees to a contract, to acquire an asset by paying an initial installment. Then repays the balance of the asset plus interest over a period of time. VAT is always paid along side the first installment.
Fixed Term Lease Agreement
Fixed Term Lease Agreements
Minimum Term Lease Agreement
Minimum Term Lease Agreements
Technology Agreement
Technology Agreement
Risidual Value Lease
Risdual Value Leases