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 institution that accepts deposits from the public and creates credit.
A buyer is any person who contracts to acquire an asset in return for some form of consideration.
A car (or automobile) is a wheeled motor vehicle used for transportation.
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.
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.
Discounts and allowances are reductions to a basic price of goods or services.
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.
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.
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 his current wants or needs, is a consumer good or final good.
Financial institutions, otherwise known as banking institutions, are corporations which provide services as intermediaries of financial markets.
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.
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).
Manufacturing is the production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation.
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.
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.