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hire-purchase

noun

  1. HPh.p. US and Canadian equivalentsinstalment planinstallment plan
    1. a system for purchasing merchandise, such as cars or furniture, in which the buyer takes possession of the merchandise on payment of a deposit and completes the purchase by paying a series of regular instalments while the seller retains ownership until the final instalment is paid
    2. ( as modifier )

      hire-purchase legislation

“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

Many undertakers carry out wiring on the easy payment or hire-purchase system.

X 31, a woman, has obtained jewellery on the hire-purchase system.

If this is the "hire-purchase system," a piano-less life is infinitely preferable to braving its manifold perils and penalties.

For the system of purchase by deferred payments or instalments see Hire-Purchase Agreement.

This was an extension of the hire-purchase plan (buying on credit) initiated by Clark of the Singer Company.

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