hire purchase

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Related to Lease purchase: Lease option

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 ?
Although, this is an attractive financing tool, it is available at relatively high costs compared to a tax-exempt lease purchase.
Neal also said that, "The benefits of the Lease Purchase program for consumers are tremendous," and some these benefits include:
Light (M1) in the automobile operating lease purchase.
The City of Spartanburg, South Carolina (the City ), is requesting proposals from various banks and financial institutions for not exceeding $2,625,000 tax-exempt lease purchase financing to defray the costs of acquisition of certain equipment as described herein.
Item # 1: ( 946 - 54 ) 5 year lease purchase for Cisco Enterprise License Agreement Fill in total proposed lease cost under unti cost and provide rate factor and amoritzation in attachment
Subsequent to its rapid grow, the demand for the City to provide its citizens quality services has in turn rapidly increased; therefore prompting the need to contract with a financial institution for Tax Exempt Lease Purchase Financing services of personal property.
The city of Cape Coral is seeking an Operational Lease only and not a lease purchase arrangement.
Fidelis signed a Lease Purchase and Development Agreement and Joint Operating Agreement with Miramar Petroleum, Inc.
PENELCO) have submitted a joint application for the approval of the sale of a number of subtransmission assets (STAs) under the terms of a lease purchase deal implemented in 2011.
The underlying 'A+' rating reflects sound district financial management, substantial capital needs related to rapid enrollment growth, and the strong legal features of the master lease purchase agreement related to this issue.
Contract notice: ambulance service lease purchase agreement
The biggest increases in nonvoter approved debt have come in MICLA, a municipal corporate entity the city contracts with to sell public securities for lease purchases of equipment and facilities that are then paid for out of the general fund.