lease-purchase

[ lees-pur-chuh s ]
/ ˈlisˈpɜr tʃəs /

noun

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

of or relating to lease-purchase.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019