Inspection, Installation, Instalment Contract

Inspection, Installation, Instalment Contract :

Inspection : A scrutiny : To scrutinise materials as they are received to confirm that they meet required specifications. Testing of a product at various stages of production to confirm that a certain standard of quality is being maintained. Such inspection may be the ongoing responsibility of personnel on an assembly line or it may be that of independent quality control personnel.

Installation : The process of arranging a computer system or programme, the computer system so installed

Instalment Contract : A contract which invites periodic performance at regular intervals as the payment of debt, shipment of marketing products, providing of a service, etc. : A system for crediting by which interest for the period of a contract is estimated on and merged with the cost of goods purchased, state and local sales taxes, delivery charges, etc. less any down payment : the total is then divided into equal payments or installments to be paid over the time span of the agreement. Most automobiles are purchased on an instalment contract


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