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 ?
Were also introducing Equipment Installment Plans, which can lower upfront device costs through a 0% interest financing plan.
7, 2015 /PRNewswire/ -- AT&T* is helping simplify wireless for business customers with AT&T Mobile Select plans and Equipment Installment Plans.
Obie said he will use the city's installment plan to pay about $200,000 in SDCs on his project.
On the other hand, EasyPay JCB Card, released on the market last year by Equitable CardNetwork, has the lowest monthly minimum income of P5,000 and is specifically designed to appeal to the ordinary worker with an annual fee only one-third of the average annual fee of other credit cards, and a unique installment plan tailored to the ordinary worker's salary payment cycle.
It has been said that, regardless of how much money you have, wisdom has to be acquired on the installment plan.
Democrats may complain that Republican "socialist-lite" programs are insufficient, but they are still implementing the Democratic agenda, albeit on the installment plan, when Republicans join them in increasing the size and cost of government.
By 1890, the nation's estimated $11 trillion in private debt was segmented along social class lines: while the urban working class turned to pawnbrokers, small-loan agencies, and marginal retailers selling furniture or clothing on the installment plan, middleclass clients patronized more respectable building and loan associations for five-year mortgages for the construction of residential homes.
Her new gallery in the Preseli Hills, which allows her to have her studio on site, has recently been accepted by the Arts Council of Wales's Collectorplan scheme, so customers can buy her paintings on an interestfree installment plan.
In 1997, when the company launched the new system, existing employees referred to new employees who chose the monthly installment plan as "a bunch of traitors.
Credit life insurance, which pays off a loan if the borrower dies, is generally sold to people who take out installment loans or buy goods, such as vehicles, on the installment plan.
In determining that the commissions were ordinary and necessary, the court considered that a vehicle dealership's business encompasses a wide range of activities beyond vehicle sales; the financing of sales on an installment plan was a familiar aspect of a dealership's business and the offer of credit insurance on such sales was related to the financing.
The betrayed lover's characterizing her lover as a layaway man and giving their love the status of an installment plan demonstrate the woman's understanding of the insignificant role she has played in her lover's life.