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Hire purchase |
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Hire purchaseA transaction in which the purchaser of goods pays an initial deposit and takes possession. Subsequent instalments are made over a specified time after which ownership passes to the purchaser.Similar MatchesPurchase fundPurchase fundResembles a sinking fund, except that money is used to purchase bonds only if they are selling below their par value. Purchased life annuityPurchased life annuitySee 'annuity'. Periodic purchase deferred contractPeriodic purchase deferred contractA fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant. Corporate repurchaseCorporate repurchaseActive buying by a corporation of its own stock in the marketplace. Reasons for repurchase include putting idle cash to use, raising EPS, creating support for a stock price, increasing internal control (shark repellant), or stock for ESOP or pension plans. Repurchase is subject to rules, such as that buying must be on a zero minus or a minus tick, after the opening and before 3:30 p.m. Purchase agreementPurchase agreementUsed in connection with project financing; an agreement to purchase a specific amount of project output per period. Further SuggestionsStock purchase planOpening purchase Counterpurchase Purchase money mortgage Purchase order purchase ledger money purchase scheme (defined contributions scheme) closing purchase Toehold purchase Contracted out money purchase scheme direct purchase Purchase and sale Specialist block purchase and sale Purchase loan Purchase fee Purchase accounting Bona Fide Purchaser Lease purchase agreement Purchase Share repurchase Bargain purchase price option Lease With Option To Purchase Money purchase plan Purchase group Open market purchase operation |
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