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








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