Hire Purchase Definition

hire-purchases
noun
hire-purchases
Webster's New World

(UK) A method of purchasing an item, where the buyer hires it and takes possession of it and pays regular installments. Ownership is only transferred on payment of the final amount. Abbreviated as HP.

Wiktionary
Synonyms:
adjective
Alternative spelling of hire purchase.
Wiktionary

Other Word Forms of Hire Purchase

Noun

Singular:
hire purchase
Plural:
hire-purchases

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