purchase - How To Discuss
Hire-purchase,
Definition of Hire-purchase:
A system by which a buyer pays for a thing in regular installments while enjoying the use of it.
During the repayment period, ownership (title) of the item does not pass to the buyer. Upon the full payment of the loan, the title passes to the buyer. UK term; the usual US term is installment buying.
A system by which one pays for a thing in regular instalments while having the use of it.
Synonyms of Hire-purchase
Instalment plan, Instalment-payment plan, Credit, Finance, Instalments, Deferred payment, Easy terms
How to use Hire-purchase in a sentence?
- Taking out an unsecured personal loan or hire purchase are the two traditional ways of funding a new car purchase.
Meaning of Hire-purchase & Hire-purchase Definition
Hire-purchase,
What is The Meaning of Hire-purchase?
A type of contract where you buy an asset with an initial deposit. Then pay the rent and pay the remaining amount in installments plus interest. After the final payment, the order of goods is transferred to the buyer.
Meaning of Hire-purchase: PS An agreement between the buyer and the seller in which the buyer specifies an item and pays for it in regular installments, usually monthly, and is used to resell it only after the final payment. ۔ Also known as Newland Shop.
Literal Meanings of Hire-purchase
Hire:
Meanings of Hire:
Accept temporary use (of something) for a shared fee.
Someone has been hired by an employee.
Sentences of Hire
We went to San Diego, rented a car and drove to Las Vegas.
Under the action, the administration fired the workers.
Recommended for car rental
New employees are joining after six months of training.
Synonyms of Hire
enrol, leasing, engaging, put on the payroll, take on, recruit, take into employment, appoint, hiring, lease, secure the services of, engage, enlist, commission, charter, employ, rental, sign up, pay for the use of, engagement, sign on, rent
Purchase:
Sentences of Purchase
Horses fight for grip on slippery floors.
Synonyms of Purchase
buy, snap up, footing, put money into, anchorage, friction, procure, toehold, grip, advantage, foothold, acquire, support, take, invest in, shop for, obtain, secure, get hold of, score, grasp, attachment, firm contact, come by, hold, leverage, get one's hands on, get one's mitts on, fingerhold, pay for
