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Home » Finance » Sources of Finance » Hire Purchase

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.

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Keywords:

venture, venture capital, capital, financial institutions, financial services, finance, finance in india, sources of finance

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