Glossary - Razorpay

Available in🇮🇳 India

The following table lists all the commonly used terms and their definitions used in EMI² Suite:

Terms	Description
EMI² Suite	The EMI² suite enables businesses to attract and retain their customer base by providing affordable payment options.
EMI	An equated monthly installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month.
No Cost EMI	A No Cost EMI is when you pay for a product in installments without any interest charged on it.
Offers	An offer is a conditional proposal made by a buyer or seller to buy or sell an asset, which becomes legally binding if accepted. Using Razorpay Offers, you can have a complete control of the discounts that can be offered to your customers.