Hire purchase is an important financial strategic tool which helps people to purchase an asset or investment by giving out certain installments in a certain period of time and thereby eventually getting the ownership transferred from the hire vendor/seller to the hire purchaser.
By understanding various financial terms and the mechanism in which it functions, one can reach great heights. Finance is a vast subject with several branches.
Debt mutual funds are those funds which primarily invest in debt instruments such as bonds, debentures, certificates of deposits, etc.
This is a category of mutual fund that primarily invest in fixed-income securities, such as corporate and government bonds, treasury bills, and money market instruments. They are also known as income funds or bond funds. Investment in debt mutual funds is ideal for investors who are not willing to take up major risks but want safety of capital along with a stable return on their investment.
By understanding various financial terms and the mechanism in which it functions, one can reach great heights. Finance is a vast subject which has several branches.