Contract purchase: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: FTI & WWCP Guide to Treasury Best Practice & Terminology, 2004 and The Treasurer, May 2014, p33, Paul Lippitt, "Funding the Fleet".) |
imported>Doug Williamson (Add link.) |
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== See also == | == See also == | ||
*[[Balloon payment]] | |||
* [[Contract]] | |||
*[[Contract hire]] | *[[Contract hire]] | ||
*[[Option]] | *[[Option]] | ||
[[Category:Corporate_finance]] | [[Category:Corporate_finance]] | ||
Latest revision as of 10:01, 6 July 2022
A form of conditional sale where the user of an asset has the option to acquire ownership at the end of the contracted period, in return for making a series of finance payments including a final balloon payment.
Contract purchase is similar to contract hire, with the additional feature of the purchase option in favour of the end user of the asset.
