Definition of hire purchase in English:

hire purchase

Syllabification: hire pur·chase

noun

British term for installment plan.
More example sentences
  • Taking out an unsecured personal loan or hire purchase are the two traditional ways of funding a new car purchase.
  • This represents Britain's credit card, hire purchase and loan companies, which between them control about one third of British consumer debt.
  • This is typically offered when a consumer borrows: be it mortgage, a personal or car loan, hire purchase agreement or credit card.

Definition of hire purchase in:

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day glee
Pronunciation: glē
noun
great delight