on hire-purchase
1Hire purchase — (abbreviated HP) is the legal term for a contract, in this persons usually agree to pay for goods in parts or a percentage at a time. It was developed in the United Kingdom and can now be found in China, Japan, Malaysia, India, South Africa,… …
2Hire 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… …
3Hire purchase agreement — 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… …
4hire-purchase — a form of purchase under which the purchase price can be paid over an agreed period of time by instalments. During the period the goods purchased remain the property of the seller (or the hire purchase company to whom the seller has assigned his… …
5hire purchase — Hire purchase, commonly abbreviated to HP (called ‘instalment credit’ in the USA, where the system emerged in the nineteenth century) plays an important but decreasing role in providing consumer credit, especially for poorer people, for the… …
6hire purchase contract — ➔ contract1 …
7hire purchase — n. Brit. INSTALLMENT PLAN * * * …
8hire purchase — n [U] BrE HP a way of buying expensive goods by regularly paying small amounts over a period of time American Equivalent: installment plan …
9hire purchase — noun uncount BRITISH the INSTALLMENT PLAN …
10hire purchase — ► NOUN Brit. ▪ a system by which someone pays for a thing in regular instalments while having the use of it …
