hire purchase

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hire purchase

n. Chiefly British
Purchase of an item on an installment plan.

hire purchase

installment plan
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hire purchase

noun credit, H.P., finance, easy terms, the never-never, installment plan buying a car on hire purchase
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References in periodicals archive ?
Metro Finance offers Commercial Hire Purchase, Chattel Mortgage and Finance Lease products through its broker network.
These boats have, on the whole, been 100 per cent financed on a commercial hire purchase structured over five years, with a 40 per cent balloon at the end of the finance period and without the need for real-estate security.
Group, and shows three common types of financial instruments: the finance lease, the operating lease, and commercial hire purchase (also see feature, E&MJ August 1993 issue.

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