hire purchase - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “hire purchase”

See all translations

hire purchase

noun [U]
 
 
UK ( abbreviation HP, US installment plan)
a method of paying for something in which the buyer pays part of the cost immediately and then makes small regular payments until the debt is completely paid. The buyer can use the product, but does not legally own it until all payments are made: They bought the car on hire purchase. a hire purchase agreement/contract/deal
Translations of “hire purchase”
in Korean 할부 구입…
in Arabic تَوظيف شِراء…
in Portuguese compra a prazo/no crediário…
in Catalan compra a terminis…
in Japanese 分割払い…
in Italian vendita a rate…
in Chinese (Traditional) 分期付款…
in Chinese (Simplified) 分期付款…
(Definition of hire purchase from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of hire purchase?
Add Cambridge dictionaries to your browser to your website

Definitions of “hire purchase” in other dictionaries

Word of the Day

Morse code

a system used for sending messages, in which letters and numbers are represented by short and long marks, sounds, or flashes of light

Word of the Day

The language of elections

by Liz Walter,
April 22, 2015
On May 7th, citizens of the UK will be going to the polls (having an election) to decide who will form the next government. This kind of election is known as a general election. The country is divided into 650 areas, called constituencies. Each constituency elects a member of parliament (MP) to

Read More 

e-juice noun

April 27, 2015
the liquid content in an e-cigarette, which includes nicotine and may be flavoured in various ways Cannabidiol oil that comes from industrial hemp plants, which is what is infused into our e-juice, is 100 per cent legal.

Read More