Hire purchase

Hire purchase

/ˈhaɪə ˌpɜːtʃəs/
Noun United Kingdom

To buy something on an installment plan.

Example Sentences

"That's a proper Hire purchase, that is."
"I've never seen such a Hire purchase in all my life."

Etymology & History

British installment payment system. Americans use 'installment plan'. British financing terminology.

Word Details

📍
Region
General British
📅
Era
Modern
Language
Mild
💬
Formality
Informal
Categories:

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