hire-purchase buying

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• hire purchase — n [U] BrE HP a way of buying expensive goods by regularly paying small amounts over a period of time American Equivalent: installment plan …   Dictionary of contemporary English

• hire purchase — system for financing the purchase of plant and equipment, where the ownership is vested with the lender until the final payment is made. The borrower is required to place a deposit and make periodic (usually monthly) repayments at a flat rate of… …   Financial and business terms

• hire purchase — ▶ noun INSTALMENT PLAN, deferred payment, HP, credit, finance, easy terms; Brit. informal the never never. * * * noun [noncount] Brit : ↑installment plan They bought the furniture on hire purchase. * * * ˌhire ˈpurchase [hire purchase …   Useful english dictionary

• hire purchase — HP A method of buying goods in which the purchaser takes possession of them as soon as an initial instalment of the price (a deposit) has been paid; ownership is obtained when all the agreed number of subsequent instalments have been completed. A …   Accounting dictionary

• hire purchase — HP A method of buying goods in which the purchaser takes possession of them as soon as an initial instalment of the price (a deposit) has been paid and obtains ownership of the goods when all the agreed number of subsequent instalments have been… …   Big dictionary of business and management

• hire purchase — Synonyms and related words: acquitment, acquittal, acquittance, amortization, amortizement, binder, borrowing, buy, buying, buying power, buying up, cash, cash payment, catalog buying, clearance, coemption, consumer power, consumer sovereignty,… …   Moby Thesaurus

• hire purchase — N UNCOUNT: oft N n Hire purchase is a way of buying goods gradually. You make regular payments until you have paid the full price and the goods belong to you. [BRIT] ...the serious problem of hire purchase and credit card debts. ...buying a car… …   English dictionary

• Hire Purchase — A method of buying goods through making installment payments over time. The term hire purchase originated in the U.K., and is similar to what are called rent to own arrangements in the United States. Under a hire purchase contract, the buyer is… …   Investment dictionary

• hire purchase — /haɪə pɜ:tʃɪs/ noun a system of buying something by paying a sum regularly each month ● to buy a refrigerator on hire purchase Abbr HP (NOTE: American English is installment plan or installment sale) ♦ to sign a hire purchase agreement to sign a… …   Marketing dictionary in english

• hire purchase — /ˌhaɪə pɜ:tʃɪs/ noun a system of buying something by paying a sum regularly each month ● to buy a refrigerator on hire purchase (NOTE: The US term is installment credit, installment plan or installment sale.) ♦ to sign a hire purchase agreement… …   Dictionary of banking and finance

• hire purchase system — buying after leasing, leasing with the option to buy at the end of the lease period …   English contemporary dictionary