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 ?
0 million pool of fixed-rate commercial hire purchase and finance lease contracts and associated receivables interests originated by Orix Australia Corp.
Eden will issue the rated notes and unrated seller note, and use the proceeds of the notes to initially purchase, via equitable assignment, an A$207 million pool of fixed-rate commercial hire purchase contracts, and associated receivables interests.

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