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hire-purchase

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.02 sec.
hire-purchase
Brit, Austral, NZ, & South African
a. a system for purchasing merchandise, such as cars or furniture, in which the buyer takes possession of the merchandise on payment of a deposit and completes the purchase by paying a series of regular instalments while the seller retains ownership until the final instalment is paid
b. (as modifier): hire-purchase legislation


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The hire-purchase system bridged a financial gap, and one bright and memorable Sunday morning he wheeled his new possession through the shop into the road, got on to it with the advice and assistance of Grubb, and teuf-teuffed off into the haze of the traffic-tortured high road, to add himself as one more voluntary public danger to the amenities of the south of England.
The War in the Air by Wells, H.G. View in context
 
 
 
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