Financial Glossary












Hirer - A person who hires the motor vehicle under the hire purchase agreement.

Homeowners Insurance - An insurance policy that combines liability coverage for a homeowner together with protection from damages caused by wind, fire, vandalism and other risks.

Houseowners Takaful - A takaful plan that provides coverage for a residential property against loss or damage caused by perils such as flood, fire, earthquake, hurricane and explosion.


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