lease-purchase

[lees-pur-chuh s]
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.
adjective
  1. of or relating to lease-purchase.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018