Hire purchase (abbreviated HP, colloquially sometimes never-never) is the legal term for a contract, in which a purchaser agrees to pay for goods in parts or a percentage over a number of months. In Canada and the United States, a hire purchase is termed an installment plan although these may differ slightly as in a hire purchase agreement the own...
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http://en.wikipedia.org/wiki/Hire_purchase
• Alt. of Hire and purchase agreement
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http://thinkexist.com/dictionary/meaning/hire_purchase/
(from the article `property law`) ...pawn). In some jurisdictions, notably England, the debtor will lease the property from the creditor (who is also normally the seller), his title ...
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http://www.britannica.com/eb/a-z/h/53
The right to purchase an asset by the user of the asset according to a pre-agreed method. The user may be the owner for tax purposes.
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http://www.duke.edu/~charvey/Classes/wpg/bfglosh.htm
Basically a contract for the hire of goods with an option for the debtor to purchase them at the end of the agreement. Generally, the debtor only gets to own the goods on payment of the final instalment. Until then the hire purchase company owns the goods
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http://www.elc.org.uk/pages/lawlegalglossary.htm
A contract to hire goods for a specified period and at a fixed cost. If you pay all the instalments over the agreed period, the goods become your property. However, you may return the goods during the specified period, and not be held responsible for paying any future instalments.
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http://www.encyclo.co.uk/local/20546
Form of
credit under which...
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http://www.encyclo.co.uk/local/20688
Hire purchase or, more fully ,
Hire purchase agreement or Hire and purchase agreement (Law) A contract (more fully called contract of hire with an option of purchase) in which a person hires goods for a specified period and at a fixed rent, with the added condition that if he shall retain the g...
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http://www.encyclo.co.uk/webster/H/48
A transaction in which the purchaser of goods pays an initial deposit and takes possession. ... <a target=_blank href='http://www.finance-glossary.com/terms/hire-purchase.htm?id=685&ginPtrCode=00000&PopupMode=false' title='Read full definition of hire purchase'>more</a>
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http://www.finance-glossary.com/pages/home.htm
Hire purchase (HP) is a method of buying goods in which the purchaser takes possession of them as soon as he has paid an initial instalment of the price (a deposit) and obtains ownership of the goods when he has paid all the agreed number of subsequent instalments. A hire-purchase agreement differs from a credit-sale agreement and sale by instalmen...
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http://www.probertencyclopaedia.com/browse/JH.HTM
[
n] - (British) installment plan
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http://www.webdictionary.co.uk/definition.php?query=hire-purchase
An agreement where goods are hired for an agreed period, at the end of which the hirer has the option to purchase.
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https://www.encyclo.co.uk/local/20422
When an item of large capital value is bought over time by paying a deposit and fixing a period over which the loan will run (usually between 12 and 60 months) and then paying fixed and equal repayments over this period.
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https://www.encyclo.co.uk/local/21167
Form of credit under which the buyer pays a deposit and makes instalment payments at fixed intervals over a certain period for a particular item. The buyer has immediate possession, but does not own the item until the final instalment has been paid
Found on
https://www.encyclo.co.uk/local/21221
The buyer pays an initial deposit and takes possession of the goods. After all the instalments are paid over a specified period the ownership passes to the purchaser.
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https://www.encyclo.co.uk/local/21538
This refers to when equipment used by the business is paid off through a finance company. At the end of the lease period the company can pay a final fee to own it or start payments for a new piece of equipment.
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https://www.highspeedtraining.co.uk/hub/accounting-glossary-terms-phrases/
No exact match found.
