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
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Words nearby hire-purchase
hire, hired gun, hired hand, hireling, hire out, hire-purchase, hire-purchase system, hi-res, Hiri Motu, hiring-fair, hiring hall
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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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