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One advantage of hire process is that it allows low-income individuals to purchase items that would otherwise be out of their budget. Hire purchase is also known as installment plan.
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When was the Origin or development of hire purchase?
origin and development of hire purchase
What are the advantages of hire purchase as a source of finance?
Hire purchase can give the good profit,
Why would a company use hire purchase?
The legal term for hire purchase is a contract. Companies may prefer using hire purchase because it spreads the costs of expensive items over a period of time.
What means repossesion as regard to hire purchase?
If a company fails to make it's repayment under the hire purchase agreement then the loan providers can tale the goods bought under the hire purchase as settlement for the loan.
What is the explanation for the features of hire purchase system?
higher purchase
Solve you a problem on hire purchase system?
caluculation of intrest under hire purchase system
What is the adjective for hire?
The verb to hire has the participle adjectives hiring and hired. For the noun hire, it can be used as a noun adjunct (hire car, hire purchase).
What is the meaning of hp?
Hire Purchase
Hire purchase?
Paying in instalments
What are the advantages and disadvantages of hire purchase?
someone answer it!
Limitations of hire purchase business?
There are several limitations of hire purchase business. The main limitation is that you do not have full ownership of the item until you clear the payments.
How similar is hire purchase and leasing?
With hire purchase you pay a deposit followed by a set number of monthly payments. Once all the payments are made the goods are yours. Wth leasing you pay an intial fee followed by monthly payments but, unlike with hire purchase, you have to return the goods to the supplier once the leasing contract has expired. The advantage of leasing over HP is that, with leasing, you can keep up to date with new technolgy and the latest models. Also, with HP, capital goods will depreciate over time.
