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fla.org.uk
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Definitions (27)
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Unsecured loans
personal loans where the lender does not have any rights over the customer’s assets.
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SAF
Specialist Automotive Finance. This was introduced by the FLA in 2006 to raise professional standards and improve the knowledge of motor dealership staff involved in sale of motor finance
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Residual value
The amount initially estimated by the finance company as the expected sale proceeds which do not need to be recovered by way of rentals
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Personal loans
unsecured lending
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LESSOR
is a person or company who grant a lease for use of an asset in exchange for periodic payment
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Lobbying
seeking to influence government on a specific issue
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a lease that runs for less than the full economic life of the asset. The customer is not liable for the financing of its full value and commonly uses it to acquire equipment on a relatively short-term basis. This type of lease is often used when the asset is likely to have a resale value, for example, aircraft and vehicles. Operating leases are par [..]
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a lease that runs for less than the full economic life of the asset. The customer is not liable for the financing of its full value and commonly uses it to acquire equipment on a relatively short-term basis. This type of lease is often used when the asset is likely to have a resale value, for example, aircraft and vehicles. Operating leases are par [..]
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a lease that runs for less than the full economic life of the asset. The customer is not liable for the financing of its full value and commonly uses it to acquire equipment on a relatively short-term basis. This type of lease is often used when the asset is likely to have a resale value, for example, aircraft and vehicles. Operating leases are par [..]
Meaning awaits approval from a moderator |
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