- 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
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 Cooper
X 31, a woman, has obtained jewellery on the hire-purchase system.The Criminal & the Community|James Devon