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 ?
Hire-purchase is more practicable for drivers whose disability requires extensive or expensive adaptations to the vehicle.
The CEO said the firm is choosing certain portfolios to manage, seeing a chance to gain high returns from many segments, particularly auto and motorcycle hire-purchase loans and personal loans.
Another strength was the ability of Ford Australia to provide comprehensive data on the historical performance of their consumer loans and hire-purchase contracts, facilitating the historical loss analysis of Standard & Poor's.
We ve analyzed the situation and according to our preliminary estimates for the hire-purchase in Kyiv will pay 2600 UAH and in the small towns 1000 UAH", - said the Chairman of the State Mortgage Institution, noting that this program can be approved by the Cabinet of Ministers in the near future.
Everyone seems to consider sex to be the most important subject but surely mortgages, buying and selling houses, insurance, hire-purchase and managing the housekeeping are equally important?
Assuming that they are a genuine hire-purchase company, they should have served a default notice giving you a chance to pay up before they repossessed the car.