- a system of payment for a commodity in regular installments while using it.
Origin of hire-purchase system
Examples from the Web for hire-purchase
Historical Examples of hire-purchase
X 31, a woman, has obtained jewellery on the hire-purchase system.The Criminal & the Community
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 Cooper
- 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