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Hire Purchase
(redirected from installment buying)

   Also found in: Dictionary/thesaurus, Legal, 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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For this reason, installment buying often accounted for up to 90% of purchases through newly flourishing mail-order-businesses, where consumers could remain more anonymous than at the local stores they normally frequented.
By the turn of the century, installment buying was no longer limited to the rich, and even working class families could purchase "discretionary" goods on installment.
You will also find information on installment buying and selling, and NOLs.
 
 
 
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