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Definition of “hire purchase” - English Dictionary

"hire purchase" in British English

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hire purchasenoun [U]

uk   /ˌhaɪə ˈpɜː.tʃəs/ us   /ˌhaɪr ˈpɝː.tʃəs/ 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
(Definition of hire purchase from the Cambridge Advanced Learners 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 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
(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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