hire-purchase system
[ hahyuh r-pur-chuh s ]
/ ˈhaɪərˈpɜr tʃəs /
noun British.
a system of payment for a commodity in regular installments while using it.
Also called
hire-pur·chase.
Origin of hire-purchase system
First recorded in 1895–1900
Words nearby hire-purchase system
hircine,
hircus,
hire,
hire out,
hire-purchase,
hire-purchase system,
hired gun,
hired hand,
hireling,
hiri motu,
hiring hall
Example sentences from the Web for hire-purchase
If this is the "hire-purchase system," a piano-less life is infinitely preferable to braving its manifold perils and penalties.
Many undertakers carry out wiring on the easy payment or hire-purchase system.
This was an extension of the hire-purchase plan (buying on credit) initiated by Clark of the Singer Company.
The Invention of the Sewing Machine |Grace Rogers CooperX 31, a woman, has obtained jewellery on the hire-purchase system.
The Criminal & the Community |James Devon
British Dictionary definitions for hire-purchase
hire-purchase
noun
British, Australian, NZ and Southern African
- 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