hire purchase

(redirected from Hire-purchase agreement)
Also found in: Dictionary, Thesaurus, Wikipedia.

Hire Purchase

The right to purchase an asset by the user of the asset according to a pre-agreed method. The user may be the owner for tax purposes.

Hire Purchase

A British and Commonwealth term for closed-end leasing. See also: Rent-to-own.

hire purchase

see INSTALMENT CREDIT.

hire purchase

see INSTALMENT CREDIT.
References in periodicals archive ?
PPI, used by 7m people, is designed to protect mortgages, personal loans, store cards, hire-purchase agreements or credit card repayments if borrowers lose their job or are ill.
Around 80 per cent of the capital behind Opus is privately financed with a further 20 per cent made up of hire-purchase agreements for kitchen equipment.
Trabzonspor of Turkey wanted to pay instalments but Wisla aren't interested in hire-purchase agreements.