Hindsight bias and Hire purchase: Difference between pages
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imported>Doug Williamson (Create page. Sources: The Treasurer, April 2020, p08, Investopedia https://www.investopedia.com/terms/h/hindsight-bias.asp) |
imported>Doug Williamson (Add link.) |
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(HP). | |||
Hire purchase is similar to a finance lease except that it contains a provision giving the hirer an option to acquire legal title to the asset (once certain contract provisions are fulfilled). | |||
A mechanism for gaining the benefits of owning an asset without paying the whole of the purchase price at the outset, but over a period of time. | |||
Relevant accounting standards include Section 20 of FRS 102. | |||
== See also == | == See also == | ||
* [[ | * [[Assets]] | ||
* [[ | * [[Finance lease]] | ||
* [[ | * [[FRS 102]] | ||
[[Category: | [[Category:Trade_finance]] | ||
Revision as of 17:01, 10 February 2023
(HP).
Hire purchase is similar to a finance lease except that it contains a provision giving the hirer an option to acquire legal title to the asset (once certain contract provisions are fulfilled).
A mechanism for gaining the benefits of owning an asset without paying the whole of the purchase price at the outset, but over a period of time.
Relevant accounting standards include Section 20 of FRS 102.