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Term

Definition
This is the period of time over which the loan is repaid.

Explanation
This will usually be up to 24 months for City Energy Network’ Pay As You Save programme or longer through other financing options. Details can be found in your loan agreement.

Trading Name

Definition
The name under which the firm advertises, markets and sells its products and services.  A trading name is also referred to as trading style.

A firm can have a number of trading names under which it may deliver various products and/ or services.

Explanation
The firm operates under a number of trading names such as PayAsYouSave; GetWarm.co.uk and Bright Energy Finance.  Any communication from the firm will be supported by a statement outlining the trading name and the legal body of the organisation that it belongs to.

Trading Style

Definition
The name under which the firm advertises, markets and sells its products and services.  A trading style is also referred to as trading name.

A firm can have a number of trading styles under which it may deliver various products and/ or services.

Explanation
The firm operates under a number of trading styles such as PayAsYouSave, GetWarm.co.uk and Bright Energy Finance.  Any communication from the firm will be supported by a statement outlining the trading style and the legal body of the organisation that it belongs to.

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