> ## Documentation Index
> Fetch the complete documentation index at: https://razorpay-881012b3.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Glossary

> List of commonly used terms related to Razorpay EMI² Suite.

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  <span style={{fontWeight:600}}>Available in</span>
  <span>🇮🇳 India</span>
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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. |