Era ey Leasing has
Page 20

If you've noticed an error in this article please click here to report it so we can fix it.
produced a handy dictionary of Transport and Finance Terminology to demystify the jargon and acronymns that infest our industry.
Most readers will be familiar with GVVV, RO-RO, DOT, cabotage, bogie and so on. But not everyone will immediately recognise the meaning of Amortisation (payment of debt by making regular payments including interest on the capital owed and part of that capital); or Double-Dipping (the structuring of leases to take advantage of tax benefits on capital investment in more than one country). But judging by the inclusion of FIGV it looks as though it will be a long time, ii ever, before LGV, its unpopular replacement, becomes recognised by the compilers.