hire-purchase system
[hahyuh r-pur-chuh s]
- a system of payment for a commodity in regular installments while using it.
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Origin of hire-purchase system
First recorded in 1895–1900
Also called hire-pur·chase.
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for hire-purchase
Historical Examples
X 31, a woman, has obtained jewellery on the hire-purchase system.
The Criminal & the CommunityJames Devon
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 MachineGrace Rogers Cooper
hire-purchase
- 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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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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