hire-purchase


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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
References in periodicals archive ?
The cost of a hire-purchase deal is harder to calculate because rates, which vary between 0 per cent and 20 per cent, are often not clearly stated.
The ratings also reflect the company's newly-purchased loan portfolio prompted by its business expansion which has not been fully seasoned, as well as the fragmented and competitive nature of the hire-purchase (HP)/ leasing industry.
You could go to your bank, stick it on the plastic, pay on hire-purchase, crank up the overdraft or ask a member of your family to loan the cash - but which way is going to work out cheapest?
JMT Network Services (JMT)'s asset-management arm, J Asset Management (JAM), has acquired hire-purchase bad debt valued at Bt3.26 billion from Siam Commercial Bank.
Everyone seems to consider sex to be the most important subject but surely mortgages, buying and selling houses, insurance, hire-purchase and managing the housekeeping are equally important?
The subject of the public contract for the supply of these buses is taken in the form of direct purchase of goods or hire-purchase or by lease with subsequent purchase (leasing).