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English definition of “first-time buyer”

first-time buyer

noun [C]     /ˌfɜːst.taɪmˈbaɪ.ər/ US  /ˌfɝːst.taɪmˈbaɪ.ɚ/ UK
someone who is buying their own house or apartment for the first time, especially by borrowing money from a bank or similar organizationMortgages and real estateRenting, hiring and hire purchase in general Renting property
(Definition of first-time buyer noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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