hire purchase

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Related to Lease purchase: Lease option

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Hire Purchase

A British and Commonwealth term for closed-end leasing. See also: Rent-to-own.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

hire purchase

see INSTALMENT CREDIT.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

hire purchase

see INSTALMENT CREDIT.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Lease Purchase. The standard and most common type of lease transaction for a governmental entity to enter into is a lease-purchase agreement.
Although, this is an attractive financing tool, it is available at relatively high costs compared to a tax-exempt lease purchase. This type of transaction is typically at a taxable interest rate.