- hire-purchase system
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/huyeur"perr"cheuhs/, Brit.a system of payment for a commodity in regular installments while using it. Also called hire-purchase.[1895-1900]
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Universalium. 2010.
hire-purchase system
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hire-purchase system — /huyeur perr cheuhs/, Brit. a system of payment for a commodity in regular installments while using it. Also called hire purchase. [1895 1900] … Useful english dictionary
hire purchase system — buying after leasing, leasing with the option to buy at the end of the lease period … English contemporary dictionary
Hire purchase — (abbreviated HP) is the legal term for a contract, in this persons usually agree to pay for goods in parts or a percentage at a time. It was developed in the United Kingdom and can now be found in China, Japan, Malaysia, India, South Africa,… … Wikipedia
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 — Hire purchase, commonly abbreviated to HP (called ‘instalment credit’ in the USA, where the system emerged in the nineteenth century) plays an important but decreasing role in providing consumer credit, especially for poorer people, for the… … Encyclopedia of contemporary British culture
hire purchase — ► NOUN Brit. ▪ a system by which someone pays for a thing in regular instalments while having the use of it … English terms 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 — /haɪə ˈpɜtʃəs / (say huyuh perchuhs) noun 1. a system whereby a person pays for a commodity by regular instalments, while having full use of it after the first payment. –adjective 2. relating to or bought with the aid of such a system. –verb (t)… …
hire-purchase — noun installment plan we bought a car on the never never • Syn: ↑never never • Regions: ↑United Kingdom, ↑UK, ↑U.K., ↑Britain, ↑United Kingdom of Great Britain and Northern Ir … Useful english dictionary
