The Business Van Manager Jargon Buster

Fed up with jargon? Don't understand what it all means? Then you'll love the Business Van Manager Jargon Buster. Just select one of the terms below and a full - and understandable - explanation will drop down at the bottom of this listing.

Accident management	Agreement period
APR	Balloon payment
Base rate	Benefit in kind (BIK)
Bulkhead	Car-derived van (or CDV)
Chassis-cab	Contract amendment
Contract hire	Contract purchase/Personal contract purchase (PCP)
Crew-cab pick-up	Daily rental
De-hire	De-hire charges
Depreciation	Dilapidation
Double-cab pick-up	Dropside
Early termination	End of contract charges
Excess mileage	Extension
Final payment	Finance lease
Flat rate	Fleet management
Forward control	GAP insurance
GVW - Gross Vehicle Weight	HGV
Hire purchase	Initial payment
Kerb Weight	LGV
Light van	Loading height
Loadspace or load volume	Lump sum
Luton van	Maintenance contract
Minimum guaranteed future value (MGFV)	P11D form
P11D value	Panel van
Payload	Pooling
Rear overhang	Relief van
Residual value	Sale and leaseback
Secondary rental	Short-term hire
Single-cab pick-up	Tailgate
Tumblehome	V5 registration document/logbook
Vehicle downtime	Vehicle Excise Duty (VED)