HP Financial Glossary
What is it? Hire purchase - a type of credit whereby you hire the item you are buying for a fixed period, during which time you pay for the item in monthly instalments, plus interest.Finance Term Definition Added By: Sarah
The HP definition has been viewed 953 Time(s)!
Send To Friends!
If you'd like to send the HP definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of HP. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Finance Terms:
Financial Term Revolving Line of Credit is An agreement to lend a specific amount to a borrower, and to allow that amount to be borrowed again once it has been repaid. Most credit cards offer revolving credit.Financial Term Nonstatus Mortgage is Mortgages offered by lenders without any proof of previous mortgage history, proof of income. The usual maximum loan to value is around 70%.
Financial Term Annual Fee is A yearly fee charged by credit providers for the use of a credit card.
Financial Term Coterminous is Two or more leases that are linked so that both will terminate at the same time.
Financial Term Annual Percentage Yield Earned (Checking) is For checking accounts that receive monthly statements, a percentage rate that reflects the amount of interest actually earned and the average daily balance during the period (see Interest Rate).