Tooltip Categories: Economics & Finance

instalment

The amount which is paid each month for a deferred purchase, a loan, a service, or a bill.

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instalment (loan)

A monetary part-payment as part of a staged payment plan. (source: http://en.wikipedia.org/wiki/Instalment)

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instalment purchase

To purchase something now and pay for it later,normally plus interest. (source: http://idioms.thefreedictionary.com/buy+on+credit)

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insurance

The equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management

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insurance actuary

A specialist in the mathematics of risk, especially as it relates to insurance calculations such as premiums, reserves, dividends, and insurance and annuity rates. They

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inheritance tax

A levy paid by a person who inherits money or property or a tax on the estate (total value of the money and property) of

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Initial Coin Offering

An unregulated means by which funds are raised for a new cryptocurrency venture. An Initial Coin Offering (ICO) is used by startups to bypass the

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input (economy)

A component of production (as land, labor, or raw materials) (source: http://www.merriam-webster.com/dictionary/input

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input VAT

The tax paid by a company on the purchase of goods and services used for commercial activities. (Read more: http://www.ehow.com/facts_7182168_definition-input-vat.html#ixzz2XJStkjYE)

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