16 relations: Bank, Buyer, Car, Credit card, Discounting, Discounts and allowances, Down payment, Effective interest rate, Equated Monthly Installment, Final good, Financial institution, Interest, Interest rate, Manufacturing, Nation, Real estate.
A bank is a financial intermediary that creates credit by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet.
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A buyer is any person who contracts to acquire an asset in return for some form of consideration.
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A car is a wheeled, self-powered motor vehicle used for transportation.
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A credit card is a payment card issued to users (cardholders) as a method of payment.
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Discounting is a financial mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time, in exchange for a charge or fee.
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Discounts and allowances are reductions to a basic price of goods or services.
Down payment (or downpayment) is a payment used in the context of the purchase of expensive items such as a car and a house, whereby the payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.
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The effective interest rate, effective annual interest rate, annual equivalent rate (AER) or simply effective rate is the interest rate on a loan or financial product restated from the nominal interest rate as an interest rate with annual compound interest payable in arrears.
An Equated Monthly Installment (EMI) is defined by Investopedia as "A fixed payment amount made by a borrower to a lender at a specified date each calendar month.
In economics, any commodity which is produced and subsequently consumed by the consumer, to satisfy its current wants or needs, is a consumer good or final good.
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In finance and economics, a financial institution is an institution that provides financial services for its clients or members.
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Interest is money paid by a borrower to a lender for a credit or a similar liability.
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An interest rate is the rate at which interest is paid by borrowers (debtors) for the use of money that they borrow from lenders (creditors).
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Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation.
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Nation (from Latin: natio, "people, tribe, kin, genus, class, flock") is a social concept with no uncontroversial definition, but which is most commonly used to designate larger groups or collectives of people with common characteristics attributed to them - including language, traditions, customs (mores), habits (habitus), and ethnicity.
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Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this (also) an item of real property; (more generally) buildings or housing in general.
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