Meaning of the word "hire purchase" in English
What does "hire purchase" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
hire purchase
US /ˈhaɪər ˈpɜːrtʃəs/
UK /ˈhaɪə ˈpɜːtʃəs/
Noun
a system by which a person pays for an item in regular installments while having the use of it, but does not own it outright until the final payment is made
Example:
•
We bought our new car on hire purchase.
•
Many consumers opt for hire purchase to afford expensive goods.
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