hire purchase

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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 ?
Joining Aarons's Rental Purchase as director of management development is Mike Hickey, formerly director of acquisitions and divestments at WBC Inc.
Listings are color coded to identify current co-sponsors of the Consumer Rental Purchase Agreement Act -- pro rent-to-own industry legislation.
We had planned to open an additional 30 Company-operated rental purchase stores throughout 2001, and this opportunity will allow us to complete this new store opening plan earlier in the year," Mr.
Aaron's Rental Purchase division increased its revenues 22% to a record $79.
In the rental purchase business, same-day or next-day delivery is demanded by the customer, and our system of distribution centers, combined with our fleet of delivery trucks, enables us to meet that demand.
Aaron Rents acquired in a cash transaction 10 rental purchase stores operating under the name of RentSmart from Empresas Berrios, Inc.
He was named National Merchandising and Sales Manager in 1983, serving until 1986 when he was moved up to Vice President of Aaron's Rental Purchase division.
Nasdaq/NNM:RBOW) ("Rainbow"), a major rental purchase company operating 124 stores in 15 states, announced today that they have entered into a definitive agreement pursuant to which Rent-A-Center will acquire Rainbow for $16.
Aaron's Rental Purchase franchisees are opening new stores at the rate of approximately one every seven days, with a total of 181 franchised stores open at July 31.
Foresight applies the concept of product enhancement or "club benefit" to financial institutions, rental purchase dealers, consumer finance companies, retail outlets, employee groups, membership-based associations and agent/broker markets.
NYSE: RNT), the nation's leader in the rental, rental purchase and specialty retailing of residential and office furniture, consumer electronics and home appliances, today announced that its Aaron's Rental Purchase division has entered into a strategic alliance with CompUSA to market personal computers at the more than 400 Aaron's stores nationwide.
During the first six months of 2000 the Company opened 18 new Company- operated and 25 new franchised rental purchase stores, a total of 43 new stores.