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2024年4月8日 · The term hire purchase refers to an arrangement for buying expensive goods. In a hire purchase agreement, the buyer makes an initial down payment and pays the remaining balance plus interest...
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Interest Cost: The cumulative sum of the amount of ...
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2022年10月10日 · 8分鐘講解會計裏的 Hire Purchase租購教你如何計算利息及如何進賬利息算式表格的鏈接：https://docs.google.com/spreadsheets/d/1RyLfMfRhwhftg-mCIajw59PaTalgC13-/edit?usp ...
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A hire purchase ( HP ), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.
Add to word list. a method of paying for something in which the buyer pays part of the cost immediately and then makes small regular payments until the debt is completely paid. 分期付款. (hire purchase在劍橋英語-中文（繁體）詞典的翻譯 © Cambridge University Press) C1.
2024年1月3日 · Recommended Articles. Key Takeaways. Hire purchase is a legally binding agreement. A buyer or hirer disburses a percentage of the total cash price as a down payment. The buyer settles the outstanding sum and interest in periodic installments. These transactions can also be executed with the help of a financier.
Hire purchase (HP) or leasing is a type of asset finance that allows firms or individuals to possess and control an asset during an agreed term, while paying rent or instalments covering depreciation of the asset, and interest to cover capital cost. Assets are defined as anything of monetary value that is owned by a firm or an individual.
Written by CFI Team. What are Hire Purchase Agreements? Hire purchase agreements are used as an arrangement when purchasing expensive goods or services. The purchaser will pay the initial installment or down payment at the beginning, followed by additional payments in the future to pay off the remaining balance of the good, plus interest.
