hire-purchase

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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

Abbreviation: HP, h.p. US and Canadian equivalents: instalment plan, installment plan

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Words nearby hire-purchase

hired gun, hired hand, hiree, hireling, hire out, hire-purchase, hire-purchase system, hi-res, Hiri Motu, hiring-fair, hiring hall

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

How to use hire-purchase in a sentence

Like any service for hire, it is extremely important for the traffickers to provide a reputable service, criminal as it is.
Ghost Ships of the Mediterranean|Barbie Latza Nadeau|January 6, 2015|DAILY BEAST
They were able to purchase weapons and plot attacks on the island without much interference.
Of Cuban Spies, a Baby, and a Filmmaker: The Strange Tale of the Cuban Five|Nina Strochlic|December 28, 2014|DAILY BEAST
Grimm has even been actively trying hire staff members for his office in recent weeks after several former aides deserted him.
The Felon Who Wouldn’t Leave Congress|Ben Jacobs, David Freedlander|December 23, 2014|DAILY BEAST
When my husband and I asked to see the report, we were told we could purchase the report for $30,000 from the defense.
I Was Gang Raped at a UVA Frat 30 Years Ago, and No One Did Anything|Liz Seccuro|December 16, 2014|DAILY BEAST

The assistant manager at the A&F store had found Elauf qualified for the position and was apparently going to hire her.
Muslims & Jews Unite vs. Abercrombie & Fitch|Dean Obeidallah|December 16, 2014|DAILY BEAST
People have not only ceased to purchase those old-fashioned things called books, but even to read them!
Blackwood's Edinburgh Magazine, No. CCCXXXIX. January, 1844. Vol. LV.|Various
From affluence he came to want, and in his old age a fund was raised sufficient to purchase him an annuity of £600 a year.
Fifty Years of Railway Life in England, Scotland and Ireland|Joseph Tatlow
If this is not done, some person who afterward wished to purchase the land might object because the recorded title was defective.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
So the courts abandoned the rule founded on the part payment of the purchase price.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles
Nor can he sell the property to himself, nor authorize any other person to bid and purchase for him either directly or indirectly.
Putnam's Handy Law Book for the Layman|Albert Sidney Bolles