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

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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

His resignation occurred about the same time the company announced it had defaulted on a $400,000 lease-purchase payment to the mine’s current owner, Placer Mining Co.

From Seattle Times ● Dec. 17, 2018

A state audit in July said bond financing for the new prison would be cheaper over time than a lease-purchase agreement.

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

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