Hire Vendor definition

Hire Vendor. The seller in the hire purchase agreement who sell the goods on the hire basis.

Examples of Hire Vendor in a sentence

  • Unit 2: HIRE PURCHASE AND INSTALLMENT SYSTEMS 12HrsIntroduction – Meaning – Hire Purchase Act 1972 – Important Definitions – Hire Purchase Agreement – Hire Purchase Price – Cash Price – Hire Purchase Charges – Net Hire Purchase Price – Net Cash Price – Calculation of Interest – Calculation of Cash Price – Journal Entries and Ledger Accounts in the books of Hire Purchaser and Hire Vendor.

  • Unit-III:Hire Purchase System:Features –Difference between Hire Purchase and Instalment Purchase Systems - Accounting Treatment in the Books of Hire Purchaser and Hire Vendor - Default and Repossession (including Problems).Unit-IV: Partnership Accounts-I: Meaning – Partnership Deed - Fixed and Fluctuating Capitals-Accounting Treatment of Goodwill - Admission and Retirement of a Partner(including problems).

  • Journal entries and ledger accounts in the books of Hire Vendor and Hire Purchaser for large value items, including Default and repossession.

  • Batliboi "Hire-purchase is the system under which the property is acquired by payments made in installments, during the period of which the title in the property remains with the Hire Vendor.

  • Whether record in the books of Hire-Purchaser has been made by the first method or by the second method described above, Journal entries in the books of Hire Vendor are made as under .

  • Hire Purchase System: Features – Accounting Treatment in the Books of Hire Purchaser and Hire Vendor – Default and Repossession.

  • When an asset is purchased on hire purchase systemAsset Account Dr.(With cash price)To Hire Vendor Account ii.

  • Hire Purchaser closes the Hire vendor's A/c by transferring the balance of Hire Purchase Asset A/c to Hire Vendor A/c.

  • Problems on loss of stock only (including average clause) 12 HrsUNIT V: Hire Purchase System: 12 HrsEntries and Ledger accounts in the Books of Hire Purchaser and Hire Vendor (including problems on full and partial re–acquisition).

  • Unit – 4 Consignments, Hire Purchase & Joint Venture(a ) Consignment Features, Accounting treatment in the books of the consignor and consignee.(b) Accounting for Hire-Purchase Transactions, Journal entries and ledger accounts in the books of Hire Vendor and Hire purchaser including Default and repossession.

Related to Hire Vendor

  • Prime Vendor – means any person (natural or juristic) who forwards an acceptable proposal in response to this RFB with the intention of being the main contractor should the proposal be awarded to him/her.

  • The Vendor means the person, firm, company or organization on whom the Purchase Order is placed and shall be deemed to include the vendor’s successors, representative heirs, executors and administrator as the case may be. It may also be referred to as Seller, Contractor or Supplier.

  • Local Vendor means any business which:

  • Purchaser Personnel means the Purchasers’, and each Purchaser’s Affiliates’, officers, directors (or their equivalent), employees, agents, and contractors of any kind.

  • Third Party Vendor means any person or entity that provides SaaS, third party software and/or related intellectual property. “Work” means any additional work the Customer requests Singtel to perform in relation to the Service.

  • NYS Vendor ID shall refer to the ten-character identifier issued by New York State when a vendor is registered on the Vendor File.

  • Seller’s Group means the Seller and any company which is, on or after the date of this Agreement, a subsidiary or holding company of the Seller or a subsidiary of a holding company of the Seller, and excludes, for the avoidance of doubt, any Group Company, and "Seller's Group Company" shall be construed accordingly.

  • Purchaser’s Group means the Purchaser, its subsidiaries and subsidiary undertakings, any holding company of the Purchaser and all other subsidiaries of any such holding company from time to time;

  • Buyer’s Group means the Buyer, any subsidiary of the Buyer, any holding company of the Buyer and any subsidiary of any holding company of the Buyer, from time to time.

  • SPI means the information categories listed at Tex. Bus. & Com. Code § 521.002(a)(2).

  • Vendor or “Vendors” means any entity submitting a bid in response to the Solicitation, the entity that has been selected as the lowest responsible bidder, or the entity that has been awarded the Contract as context requires.

  • Contractor / Vendor means the Tenderer whose bid has been accepted and awarded Letter of Acceptance for a specific item followed by the signing of Contract.

  • U.S. Purchaser is (a) any U.S. Person that purchased Units, (b) any person that purchased Units on behalf of any U.S. Person or any person in the United States, (c) any purchaser of Units that received an offer of the Units while in the United States, (d) any person that was in the United States at the time the purchaser’s buy order was made or the subscription agreement for Units was executed or delivered;

  • Purchaser Parent has the meaning set forth in the preamble to this Agreement.

  • Seller Group means, at any time, the group of companies comprised of Xxxxx Fargo & Company and its subsidiaries at that time.

  • Purchaser/ User means ultimate recipient of goods and services

  • Vendors means the proposer(s) responding to this RFP and vendor(s) to whom a contract has been awarded as a result of this RFP by SMSD. A responsible vendor is a vendor who has adequate financial resources (or the ability to obtain such resources), can comply with the delivery requirements, and is a qualified and established firm regularly engaged in the type of business that provides the product(s) /service(s) listed herein.

  • Honeywell has the meaning set forth in the preamble.

  • Buyer has the meaning set forth in the preamble.

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • Seller Parties has the meaning set forth in the preamble to this Agreement.

  • Seller Affiliate means any Affiliate of Seller.

  • Purchased Services means Services that You or Your Affiliate purchase under an Order Form, as distinguished from those provided pursuant to a free trial.

  • Seller Entities means, collectively, Seller and all Seller Subsidiaries.

  • Group Companies means the Company and its Subsidiaries.

  • Business Entity/Vendor means any natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of New Jersey or any other state or foreign jurisdiction. The definition also includes (i) if a business entity is a for-profit corporation, any officer of the corporation and any other person or business entity that owns or controls 10% or more of the stock of the corporation; (ii) if a business entity is a professional corporation, any shareholder or officer; (iii) if a business entity is a general partnership, limited partnership or limited liability partnership, any partner; (iv) if a business entity is a sole proprietorship, the proprietor; (v) if the business entity is any other form of entity organized under the laws of New Jersey or any other state or foreign jurisdiction, any principal, officer or partner thereof; (vi) any subsidiaries directly or indirectly controlled by the business entity; (vii) any political organization organized under 26 U.S.C.A. § 527 that is directly or indirectly controlled by the business entity, other than a candidate committee, election fund, or political party committee; and (viii) with respect to an individual who is included within the definition of “business entity,” that individual's civil union partner and any child residing with that person. 1