|
|
Sources of Finance
Hire Purchase
Hire Purchase is a method of acquiring assets without having to invest the full amount in buying them. Typically, a hire purchase agreement allows the hire purchaser sole use of an asset for a period after which they have the right to buy them, often for a small or nominal amount. The benefit of this system is that companies gain immediate use of the asset without having to pay a large amount for it or without having to borrow a large amount.
Image: Cranes can be purchased via hire purchase agreements.
Source: LMZ mediaculture-online, stock xchng
| Index | Previous | Next |
|
