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Define Hire Charges. means the rates and charges payable by You for the hire of the Equipment.
Define Hire Charge. or “Hire Charges” means the rates and charges payable by You for the hire of the Equipment.
British the amount of money it costs to hire something, such as a bike, car, etc.... Click for English pronunciations, examples sentences, video.
Apr 20, 2021 · 20 April 2021. 10 mins read. Finance. What is Hire Purchase? Hire purchase is a type of instalment credit under which the hire purchaser, called the hirer, agrees to take the goods on hire at a predetermined rental, which is inclusive of the repayment of principal as well as interest, with an option to purchase.
Jan 3, 2024 · Hire purchase is an installment-based method of procuring expensive consumer goods or assets. This method is used both by individuals and firms. The buyer makes a down payment —a partial sum or a percentage of the total price. The remaining amount is paid in installments—inclusive of interest.
Hire purchase means a transaction where goods are purchased and sold on the terms that: Payment will be made in installments, The possession of the goods is given to the buyer immediately, The property (ownership) in the goods remains with the vendor till the last.
Apr 30, 1973 · Explanation .In this sub-section, hire-purchase charges means the difference between the hire-purchase price and the cash price as stated in the hire-purchase agreement.
Define the Hire Charge. means the amount payable under the hire agreement for the hire of the room “The hire period” means the period so specified as such in the hire agreement
Jul 30, 2008 · When you take over (without ownership)something for a short period of usage it is taking on hire. When you take over something for a longer period of usage it is taking on lease. Both the cases the consideration you pay is rent (either in the form of hire charges or lease rent).
Jun 24, 2024 · Hire purchase is an agreement where the buyer makes a downpayment and pays the balance plus interest in installments. These types of agreements are generally used for very expensive goods. Hire...
