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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 institution that accepts deposits from the public and creates credit.
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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 (or automobile) is a wheeled motor vehicle used for transportation.
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Credit card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus the other agreed charges.
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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, also called a deposit in British English), 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 (EIR), 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 his current wants or needs, is a consumer good or final good.
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Financial institution
Financial institutions, otherwise known as banking institutions, are corporations which provide services as intermediaries of financial markets.
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Interest
Interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (i.e., the amount borrowed), at a particular rate.
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Interest rate
An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).
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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
A nation is a stable community of people, formed on the basis of a common language, territory, economic life, ethnicity or psychological make-up manifested in a common culture.
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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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