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.
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 ?
The Northern Rental Purchase Program which replaced the Eskimo Rental Program is perhaps the best example of the new initiative.
Prior to joining Aaron's Rental Purchase, Van Wagner had been a real estate director for a rental purchase company and later a rental purchase franchisee.
"This realignment gives the company two distinct divisions representing the two major segments of our business--the relatively new rental purchase operations and the core rent-to-rent operations, our original business," said R.
Rent-A-Center provides customers the opportunity to obtain ownership of products such as consumer electronics, appliances, computers, furniture and accessories, under flexible rental purchase agreements with no long-term obligation.