hire purchase Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “hire purchase” in the English Dictionary

"hire purchase" in British English

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hire purchasenoun [U]

uk   us   UK (abbreviation HP, US installment plan)
a ​method of ​paying for something in which the ​buyerpayspart of the ​costimmediately and then makes ​smallregularpayments until the ​debt is ​completelypaid
(Definition of hire purchase from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"hire purchase" in Business English

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hire purchasenoun [U]

uk   us   UK ( abbreviation HP, US installment plan)
a ​method of ​paying for something in which the ​buyerpayspart of the ​cost immediately and then makes ​smallregularpayments 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 ​hirepurchase. a hirepurchaseagreement/​contract/​deal
(Definition of hire purchase from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “hire purchase”
in Arabic تَوظيف شِراء…
in Korean 할부 구입…
in Portuguese compra a prazo/no crediário…
in Catalan compra a terminis…
in Japanese 分割払い…
in Chinese (Simplified) 分期付款…
in Chinese (Traditional) 分期付款…
in Italian vendita a rate…
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