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0% finance

0% Financing (zero percent), alternatively known as discounted finance, is a widely-used marketing tactic for attracting buyers of consumer goods, automobiles, real estate, or credit cards in different parts of the world. [1]

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.

Bank

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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Buyer

A buyer is any person who contracts to acquire an asset in return for some form of consideration.

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Car

A car is a wheeled, self-powered motor vehicle used for transportation.

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Credit card

A credit card is a payment card issued to users (cardholders) as a method of payment.

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Discounting

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

Discounts and allowances are reductions to a basic price of goods or services.

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Down payment

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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Effective interest rate

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.

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Equated Monthly Installment

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.

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Final good

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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Financial institution

In finance and economics, a financial institution is an institution that provides financial services for its clients or members.

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Interest

Interest is money paid by a borrower to a lender for a credit or a similar liability.

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Interest rate

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

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

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

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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References

[1] https://en.wikipedia.org/wiki/0%25_finance

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