lease-purchase

American  

[lees-pur-chuhs] / ˈlisˈpɜr tʃəs /

noun

1. the continuing use of property or goods under a lease for a stipulated period with option for the lessee to buy and with part of the rental charges credited toward the purchase price.

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adjective

1. of or relating to lease-purchase.

Etymology

Origin of lease-purchase

First recorded in 1950–55

Example Sentences

See Examples For:

lease-purchase

Online lookups of the make and model show that after paying the lease-purchase price of about $20,000, I could turn around and sell it for $28,000-$30,000.

From Slate ● Sep. 25, 2022

Pelsor said Heritage USA’s lease-purchase agreement on a hotel and convention center in nearby Marble Falls is a separate deal with a different owner.

From Seattle Times ● Dec. 10, 2017

The department contends the audit’s conclusions were based on now-outdated cost estimates, but auditors said the department’s analysis at the time “used inconsistent assumptions” tending favor a lease-purchase option.

From Washington Times ● Dec. 2, 2017

He also arranged a lease-purchase agreement for the Boeing 727 airplane he had sold during his financial meltdown.

From Washington Post ● Oct. 5, 2016

Government structures on a ten-to-25-year lease-purchase plan, soon will ask for bids on ten structures from Albuquerque to Abingdon, Va. If bids are encouraging, Government will offer 30 more projects in December.

From Time Magazine Archive