hire purchase

(redirected from Hire-purchase agreement)
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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 ?
However, it also found that consumer lending on credit cards, unsecured loans and hire-purchase agreements was at an 18-month low, averaging pounds 2,513 for the ordinary Briton, down nearly pounds 300 (10%) compared to the first quarter of 2011.
That rules out owning credit cards, getting a mortgage or a good bank reference, entering loan or hire-purchase agreements or voting a government in or out.
PPI, used by 7m people, is designed to protect mortgages, personal loans, store cards, hire-purchase agreements or credit card repayments if borrowers lose their job or are ill.
Around 80 per cent of the capital behind Opus is privately financed with a further 20 per cent made up of hire-purchase agreements for kitchen equipment.