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 ?
But this is the only time in our laws when it is possible for ownership of stolen property to transfer to a buyer who was acting in good faith, without knowing of the hire-purchase agreement.
HIRE-PURCHASE firm BrightHouse have been ordered to pay back PS15million loaned to customers who struggled with crippling repayments.
HIRE-PURCHASE firm BrightHouse has been ordered to pay back PS15million loaned to customers who struggled with crippling repayments.
In an official filing with the Stock Exchange of Thailand (SET), the company said consolidated hire-purchase interest income for this period amounted to 484.70 million baht, a small increase of only 1.47 million baht from the same period last year.