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  2. Equated monthly installment - Wikipedia

    en.wikipedia.org/wiki/Equated_Monthly_Installment

    The formula for EMI (in arrears) is: [2] = (+) or, equivalently, = (+) (+) Where: P is the principal amount borrowed, A is the periodic amortization payment, r is the annual interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).

  3. Honda Activa - Wikipedia

    en.wikipedia.org/wiki/Honda_Activa

    In April 2014, Honda began an upgraded model of Activa with a 125 cc (7.6 cu in) engine and rebranded the model as Activa 125. Currently, both Activa-i and Activa 125 are sold in India along with traditional Honda Activa. Honda began selling the Activa-i in India, a cheaper and lighter version of the Activa, in December 2013.

  4. Electronic Money Institution - Wikipedia

    en.wikipedia.org/wiki/Electronic_Money_Institution

    In the European Union, an Electronic Money Institution can be licensed in any country member but can act and provide services in all EU and EEA countries. [6] The legal basis for e-money issuance in the European Union is covered by EU Directive 2009/110/EC, on the taking up, pursuit and prudential supervision of the business of electronic money institutions establishes, issued by the European ...

  5. Bullet loan - Wikipedia

    en.wikipedia.org/wiki/Bullet_loan

    It lowers the borrower's monthly financial burden. It is also sometimes known as EMI Free Loan. [3] The payment that is due at the end of the loan is referred to as the bullet payment or balloon payment. Bullet loans are common, and usually referred to by other names; bullet loan is a generic and unofficial term.

  6. Car finance - Wikipedia

    en.wikipedia.org/wiki/Car_finance

    The borrower then pays off the financial institution the same as for a direct loan. [ citation needed ] Typically, the indirect auto lender will set an interest rate, known as the "buy rate". The auto dealer then adds a markup to that rate, and presents the result to the customer as the "contract rate".

  7. Select Portfolio Servicing - Wikipedia

    en.wikipedia.org/wiki/Select_Portfolio_Servicing

    The settlement also imposed a number of specific limitations on Fairbanks’s ability to charge fees and engage in certain practices when servicing mortgage loans. Fairbanks changed its name to Select Portfolio Servicing, Inc. effective June 30, 2004 according to its Articles of Amendment.

  8. Citroën Activa - Wikipedia

    en.wikipedia.org/wiki/Citroën_Activa

    The Activa 1 included full hydraulically connected, single wheel independent four-wheel steering, anti-lock brakes and traction control, [3] which were high-tech for the time, while the Activa 2 was more conventional, except the anti-roll-system and featured a center console keypad instead of a gear lever and a navigation system. In addition ...

  9. Lehman Brothers - Wikipedia

    en.wikipedia.org/wiki/Lehman_Brothers

    Lehman Brothers Inc. (/ ˈ l iː m ən / LEE-mən) was an American global financial services firm founded in 1850. [2] Before filing for bankruptcy in 2008, Lehman was the fourth-largest investment bank in the United States (behind Goldman Sachs, Morgan Stanley, and Merrill Lynch), with about 25,000 employees worldwide.