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hire-purchase
noun
- HPh.p. US and Canadian equivalentsinstalment planinstallment plan
- 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
- ( as modifier )
hire-purchase legislation
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Example Sentences
Many undertakers carry out wiring on the easy payment or hire-purchase system.
From Project Gutenberg
X 31, a woman, has obtained jewellery on the hire-purchase system.
From Project Gutenberg
If this is the "hire-purchase system," a piano-less life is infinitely preferable to braving its manifold perils and penalties.
From Project Gutenberg
For the system of purchase by deferred payments or instalments see Hire-Purchase Agreement.
From Project Gutenberg
This was an extension of the hire-purchase plan (buying on credit) initiated by Clark of the Singer Company.
From Project Gutenberg
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