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Definitions from the Web

Hired Purchase

Definition: Hired purchase refers to a financial arrangement in which an individual or a company can acquire goods or property by paying regular installments over a specified period. The ownership of the goods is transferred to the purchaser after the final payment is made.

Sense 1 (Noun):

Example sentences:

• John decided to buy a new car through hired purchase, as he couldn't afford to pay the full amount upfront.
• The furniture store offers attractive hired purchase options, allowing customers to furnish their homes with ease.

Sense 2 (Verb):

Example sentences:

• She hired purchased a laptop for her graphic design business.
• They decided to hired purchase the latest gaming console rather than spending all the money at once.

Sense 3 (Adjective):

Example sentence:

• The hired purchase agreement provided flexibility for the customer to upgrade their smartphone after a year.

Related products on Amazon:

• Hired Purchase Agreements: Legal Forms Book
• Hired Purchase Finance: A practical approach for buying a car, machines or equipment