Agricultural Maximum (often referred to as a farming Link) This is a term used to describe a condition imposed by a Planning Authority when granting planning consent for the building of usually a dwelling. Usually the application is for an agricultural worker’s dwelling. A typical wording might be “the occupation of the dwelling shall be limited to a person solely or mainly employed or last employed in the locality in agriculture as defined in section 290(i) of the Town and Country Planning Act 1971, or in forestry, or a widow or widower of such a person (including and dependents of such a person, residing with them).” The effect of such a restriction is to limit the number of persons who are entitled to occupy the property and therefore this limits the market to which the property may be sold. See our article on this subject. (note for Hento – possible Link)
Arrears Where a payment due in respect of any form of credit is missed these are arrears. However, with most of the lenders we deal with the only missed payments taken into account and which will affect the terms offered will be arrears on any other mortgages or secured loans. The only exception to this is where an applicant currently lives in a rented property where arrears of rent will also have an impact on the terms offered. Where you think you are about to miss any payment it is important that you contact the lender just as soon as possible. There is no substitute for talking to your creditors if you cannot meet a payment.
Such, the Apr for a loan provider asking interest in improve might possibly be higher than a loan provider charging you interest in arrears
Apr (APR) The yardstick by which you can compare the cost of one finance deal with another. This is the true cost of borrowing, in percentage terms and takes into account the cost of obtaining the credit. It is usually higher than the charging rate of interest because it takes into account the total cost of your borrowing over the full term of the loan. See also Interest Rate
It is wise to bear in mind that precisely how a lender fees their attract has an impact on it
Asset Financing This is finance used for the purchase or lease of plant and equipment, machinery or vehicles. Other names for this are Lease purchase finance, Hire purchase, or leasing. With most purchase type agreements, the credit provider will retain ownership of the goods until and option to purchase fee has been paid at the end of any agreement, though the Consumer Credit Agreement 1974 affords certain rights to those agreements where the credit involved is ?25,000 or less. There are two types of lease arrangements one being an Operating lease and a Finance lease. One important term is sale and lease back which is where an asset is sold to a credit provider and then leased back to check city loans the previous owner.
Harmony Piece This is a file that shows the state of things away from a corporate any kind of time offered part of time even if always during the year-end. The original point listing the firms property. Repaired Possessions might be sometimes real or intangible possessions. Concrete Repaired Possessions is real things like property, home, bush, machines equipment and you will car. Intangible Fixed Possessions aren’t actual things but are items that features a respect in order to a corporate such as for instance goodwill otherwise brand name names. Intangible Repaired Possessions are usually found only regarding the Harmony Sheet sets out-of large businesses and in which the product has been bought. Such, whenever Nestles bought Rowntrees, which was a professional brand which had been browsing has actually started covered within the price taken care of the fresh whole organization and this was recognised once the an Intangible Repaired Investment inside the Nestles Harmony Piece.