hire purchase
Meaning
A method of purchasing an item, where the buyer hires it and takes possession of it and pays regular instalments. Ownership is only transferred on payment of the final amount. Abbreviated as HP.
Synonyms
instalment buying
installment plan
installment purchase
H.P.
time purchase
by instalments
instalment credit
in instalments
شراء بالتقسيط
Ratenkauf
location vente
acquisto a rate
compra a crédito
compra a crédito
huurkoop
Notes
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