Hire purchase and RFFV: Difference between pages

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imported>Doug Williamson
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imported>Doug Williamson
(Create the page. Source: The Treasurer March 2015 page 35.)
 
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(HP).
Ring-fenced financing vehicle.
 
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 IFRS 16 and Section 20 of FRS 102.
 
 
== See also ==
* [[Assets]]
* [[Finance lease]]
* [[FRS 102]]
* [[IFRS 16]]
 
[[Category:Trade_finance]]

Revision as of 16:41, 7 March 2015

Ring-fenced financing vehicle.