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Hire purchase. A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time.
Morris Plan Banks were part of a historic banking system in the United States created to assist the middle class in obtaining loans that were often difficult to obtain at traditional banks. They were established by Arthur J. Morris (1881–1973), a lawyer in Norfolk, Virginia , who noticed the difficulty his working clients had in getting loans.
When someone mentions the 1920s, you might picture one of two extremes. One is the classic "Roaring 20s" image, with flappers in bucket hats and the decadence of F. Scott Fitzgerald's "The Great...
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The orders of nuns, and some dioceses, founded numerous colleges for women. The first was the College of Notre Dame of Maryland, which opened elementary and secondary schools in Baltimore in 1873 and a four-year college in 1895. It added graduate programs in the 1980s that accepted men and is now Notre Dame of Maryland University. [81]
Fast-forward 100 years to news that was eerily similar. The first coronavirus cases were reported in China just before the dawn of a new decade, and the pandemic continues, having killed an ...
"Smoke-filled room", used to describe the backroom at the Blackstone Hotel where senators gathered to secure Warren G. Harding's nomination during the 1920 Republican National Convention. The term now means a place behind the scenes, where cigar-smoking party bosses make political decisions. [4]
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