Saturday, December 13, 2014

EMI Full Form

What is the full form of EMI?

We found two type of EMI which is given below:- Equated Monthly Instalment is the full form of  EMI which is defined by as "A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly instalments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full."

Electric and Musical Industries Ltd is the meaning of EMI which was a British multinational music recording and publishing company head quartered in London, United Kingdom founded in 1931. Its record labels included E.M.I. Records, Parlophone and Capitol Records.

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