Meaning of “rent-to-own” in the English Dictionary

business-english dictionary

"rent-to-own" in Business English

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rent-to-ownadjective [ before noun ]

uk us

COMMERCE used to describe an agreement to pay rent for something, and then return it, or to make further payments in order to buy it:

Many low-income families have rent-to-own furniture because they don't have the cash to buy it outright.

(Definition of “rent-to-own” from the Cambridge Business English Dictionary © Cambridge University Press)