hire-purchase

noun

1. HPh.p. US and Canadian equivalentsinstalment planinstallment plan
   1. 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
   2. ( as modifier )

      hire-purchase legislation

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