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Research Results For 'Tally System'

TALLY SYSTEM

The tally system was a forerunner of hire-purchase and modern credit agreements. It was a mode of dealing practised in London around 1900 by which customers were supplied with articles, mostly drapery, furniture or hardware, on credit under agreement to pay the stipulated price by fixed instalments weekly or monthly. The tally system evolved into the easy hire system, which in turn became hire-purchase.
Research Tally System

 

 
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