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Hire purchase
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hire-purchase system
[hahyuh
r-pur-chuhs] 
–noun British.
| a system of payment for a commodity in regular installments while using it. |
Also called hire-purchase.
Origin:
1895–1900
1895–1900
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Based on the Random House Dictionary, © Random House, Inc. 2009.
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|
Link To Hire purchase
| hire purchase n. Chiefly British Purchase of a commodity on an installment plan. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Hire purchase
Hire purchase\, or, more fully, Hire purchase agreement \Hire purchase agreement\, or Hire and purchase agreement \Hire and purchase agreement\ (Law) A contract (more fully called contract of hire with an option of purchase) in which a person hires goods for a specified period and at a fixed rent, with the added condition that if he shall retain the goods for the full period and pay all the installments of rent as they become due the contract shall determine and the title vest absolutely in him, and that if he chooses he may at any time during the term surrender the goods and be quit of any liability for future installments upon the contract. In the United States such a contract is generally treated as a conditional sale, and the term hire purchase is also sometimes applied to a contract in which the hirer is not free to avoid future liability by surrender of the goods. In England, however, if the hirer does not have this right the contract is a sale.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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Language Translation for : Hire purchase
Spanish:
compra a plazos,
German:
der Ratenkauf, Ratenkauf-…,
Japanese:
分割払い式購入 (の)
Hire Purchase
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