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Hire Purchase
(redirected from Hire-purchase agreement)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
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.


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If you have no credit history, then you may well need to create a credit history, by having a loan or hire-purchase agreement, before you can apply for a credit card.
His problems began when he failed to pay the last instalment of a two- year hire-purchase agreement.
You can do this by taking out a small loan or through a hire-purchase agreement.
 
 
 
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