HP in Finance Meaning
The HP meaning in Finance terms is "Hire Purchase". There are 1 related meanings of the HP Finance abbreviation.
HP on Finance Full Forms
- Hire Purchase HP. A contract between a buyer and seller in which the buyer takes possession of an item and then pays for it in regular instalments, usually monthly, and does not become the owner of the item until the final payment has been made. Also referred to as 'Buying on the never-never'.
Frequently Asked Questions (FAQ)
What does HP stand for Finance?
HP stands for Hire Purchase in Finance terms.
What is the shortened form of Hire Purchase in Finance?
The short form of "Hire Purchase" is HP for Finance.
Citation
HP in Finance. Acronym24.com. (2022, March 10). Retrieved May 7, 2024 from https://acronym24.com/hp-meaning-in-finance/
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