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And I saw the sax line-up that he had behind him and I thought, I'm going to learn the saxophone. When I grow up, I'm going to play in his band. So I sort of persuaded my dad to get me a kind of a plastic saxophone on the hire purchase plan.
David Bowie

Meaning of "hire purchase" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF HIRE PURCHASE

hire purchase  [ˈhaɪə ˈpɜːtʃɪs] play
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GRAMMATICAL CATEGORY OF HIRE PURCHASE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Hire purchase is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES HIRE PURCHASE MEAN IN ENGLISH?

Hire purchase

Hire purchase 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 ownership of the good remains with the seller until the last payment is made. Other analogous practices are described as closed-end leasing or rent to own. The hire purchase agreement was developed in the United Kingdom in the 19th century to allow customers with a cash shortage to make an expensive purchase they otherwise would have to delay or forgo. For example in cases where a buyer cannot afford to pay the asked price for an item of property as a lump sum but can afford to pay a percentage as a deposit, a hire-purchase contract allows the buyer to hire the goods for a monthly rent. When a sum equal to the original full price plus interest has been paid in equal installments, the buyer may then exercise an option to buy the goods at a predetermined price or return the goods to the owner.

WORDS THAT RHYME WITH HIRE PURCHASE


archduchess
ˈɑːtʃˈdʌtʃɪs
duchess
ˈdʌtʃɪs
duchesse
ˈdʌtʃɪs
prepurchase
priːˈpɜːtʃɪs
purchase
ˈpɜːtʃɪs
repurchase
riːˈpɜːtʃɪs

WORDS THAT BEGIN LIKE HIRE PURCHASE

hiragana
hirage
Hiram
hircine
hircocervus
hircosity
hire
hire car
hire charges
hire company
hire purchase agreement
hire-purchase
hireable
hiree
hireling
hirer
Hiri Motu
hiring
hiring-fair
hirling

WORDS THAT END LIKE HIRE PURCHASE

car chase
chase
compulsory purchase
cut to the chase
enchase
Gadsden Purchase
give chase
goose chase
hire-purchase
impulse purchase
Louisiana Purchase
money-purchase
out of phase
paper chase
phase
proof of purchase
single-phase
steeplechase
the chase
wild-goose chase

Synonyms and antonyms of hire purchase in the English dictionary of synonyms

SYNONYMS

Translation of «hire purchase» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF HIRE PURCHASE

Find out the translation of hire purchase to 25 languages with our English multilingual translator.
The translations of hire purchase from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «hire purchase» in English.

Translator English - Chinese

分期付款
1,325 millions of speakers

Translator English - Spanish

venta a plazos
570 millions of speakers

English

hire purchase
510 millions of speakers

Translator English - Hindi

हायर परचेज
380 millions of speakers
ar

Translator English - Arabic

استئجار شراء
280 millions of speakers

Translator English - Russian

рассрочки
278 millions of speakers

Translator English - Portuguese

locação-venda
270 millions of speakers

Translator English - Bengali

ক্রয় ভাড়া
260 millions of speakers

Translator English - French

location-vente
220 millions of speakers

Translator English - Malay

sewa beli
190 millions of speakers

Translator English - German

Ratenkauf
180 millions of speakers

Translator English - Japanese

分割払い購入
130 millions of speakers

Translator English - Korean

구매 를 고용
85 millions of speakers

Translator English - Javanese

Tuku dhuwit
85 millions of speakers
vi

Translator English - Vietnamese

sự bán góp
80 millions of speakers

Translator English - Tamil

கொள்முதல்
75 millions of speakers

Translator English - Marathi

भाडे खरेदी
75 millions of speakers

Translator English - Turkish

Kiralama alımı
70 millions of speakers

Translator English - Italian

l´acquisto a riscatto
65 millions of speakers

Translator English - Polish

ratalnej
50 millions of speakers

Translator English - Ukrainian

розстрочки
40 millions of speakers

Translator English - Romanian

angaja cumpărare
30 millions of speakers
el

Translator English - Greek

μίσθωση
15 millions of speakers
af

Translator English - Afrikaans

huurkoop
14 millions of speakers
sv

Translator English - Swedish

hyrköp
10 millions of speakers
no

Translator English - Norwegian

avbetalingskjøp
5 millions of speakers

Trends of use of hire purchase

TRENDS

TENDENCIES OF USE OF THE TERM «HIRE PURCHASE»

The term «hire purchase» is quite widely used and occupies the 39.282 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
82
/100
The map shown above gives the frequency of use of the term «hire purchase» in the different countries.
Principal search tendencies and common uses of hire purchase
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «hire purchase».

FREQUENCY OF USE OF THE TERM «HIRE PURCHASE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «hire purchase» during the past 500 years. Its implementation is based on analysing how often the term «hire purchase» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about hire purchase

EXAMPLES

QUOTES WITH «HIRE PURCHASE»

Famous quotes and sentences with the word hire purchase.
1
David Bowie
And I saw the sax line-up that he had behind him and I thought, I'm going to learn the saxophone. When I grow up, I'm going to play in his band. So I sort of persuaded my dad to get me a kind of a plastic saxophone on the hire purchase plan.

10 ENGLISH BOOKS RELATING TO «HIRE PURCHASE»

Discover the use of hire purchase in the following bibliographical selection. Books relating to hire purchase and brief extracts from same to provide context of its use in English literature.
1
General Principles and Commercial Law of Kenya
Hire-purchase agreements are governed in Kenya by the Hire Purchase Act (Cap 507). This Act is mainly modeled on English Hire. Purchase Acts. Definition A hire purchase agreement is a contract whereby the owner of the goods hires them ...
Ashiq Hussain, 1978
2
Financial Accounting
What do you understand by hire purchase system ? State its merits and demerits. 2. What is hire purchase system ? What are its characteristics ? Distinguish between hire purchase sale and credit sale. 3. What is hire purchase system ?
RK Mittal, RS Singal
3
The Sale of Goods
Consumer Conditional Sales It is ironic that consumer conditional sales are removed from section 25(1) because of their kinship with hire purchase transactions, given that one of the reasons for the emergence of hire purchase was the desire ...
Michael G. Bridge, 1998
4
Business Law
The person granting credit in respect of the goods (this, in effect, is what happens in the hire-purchase arrangement) retains ownership, however, and thus non- registration of the bill will not necessarily prejudice this party's rights. Should the ...
Peter Gillies, 2004
5
The Nigerian Legal System
The Special Tribunal referred to above under this section is vested with jurisdiction to try offenses under laws cited in this portion.4 Hire Purchase ( Leasing) Laws Until 1965 the only hire-purchase law throughout Nigeria was the received ...
Charles Mwalimu, 2009
6
Consumer Protection Law
One of the consequences of attempts to avoid the Moneylending Acts was the growth of instalment sales and hire-purchase transactions as a way of providing credit. A loan was a pre-condition for the application of the Moneylenders Acts. The ...
John Goldring, Laurence Maher, Jill McKeough, 1998
7
The Hire-Purchase Act, 1972* (26 of 1972)
INTRODUCTION The growth and development of the system of hire-purchase can be traced to the advent of industrial development in the United Kingdom during the middle of 19th Century when a piano maker introduced the system of ...
8
Financial Accounting: An Introduction
Hire-purchase An alternative way of financing the acquisition of an asset is through the use of hire- purchase. Under a hire-purchase agreement a finance company buys the asset and hires it to the business. Thus a business can acquire the ...
Aidan Berry, 1999
9
Lease, financing & hire-purchase: including venture capital, ...
In the Indian context.
Vinod Kothari, 1986
10
Business Law
B. Goods as security Conditional sale and hire-purchase When customers seek goods they often need credit, which can be given in various ways. If a seller allows payment by instalments, and makes no provision for when ownership is to pass ...
S. B. Marsh, J. Soulsby, 2002

10 NEWS ITEMS WHICH INCLUDE THE TERM «HIRE PURCHASE»

Find out what the national and international press are talking about and how the term hire purchase is used in the context of the following news items.
1
Court orders Rawlings to settle case between a driver and finance firm
A statement of claim filed by Yohannes explained he had in May 2013, entered into an agreement with Melbond for the hire purchase of a ... «Starr 103.5 FM, Jul 15»
2
Large Inflow of Money Witnessed in ICICI Bank Limited | Insider …
Treasury includes the entire investment portfolio of the Bank. Other Banking includes hire purchase and leasing operations and other items. «Insider Trading Report, Jul 15»
3
Gourmet catering firm Little and Cull to create 20 new jobs with new …
... John Wintle and Nicola Hambly at Lloyds Bank Commercial Finance delivered a specialist hire purchase and invoice finance facility to allow ... «Western Morning News, Jul 15»
4
Wrexham woman was entitled to most of her £43000 benefits scam
Hire purchase agreements and other documents gave his address as hers and it emerged that they had been married for 38 months and living ... «LeaderLive, Jul 15»
5
Niche debt purchaser acquires Go Debt
The portfolio included the full spectrum of both consumer and commercial credit agreements offered by Security Pacific including hire purchase, ... «Credit Today, Jul 15»
6
Airdrie woman pleads guilty to car fraud scheme at Wishaw car …
... was initially rejected, but “subsequently VW Financial Services entered into a hire purchase agreement with Marie Claire Hutchison”. «Scottish Daily Record, Jul 15»
7
Cooke and Sheedy join Infiniti for fleet sales push
Benfield Corporate supply new and used vehicles for purchase or with bespoke leasing and hire purchase plans. Benfield employs 1,100 staff ... «AM-online, Jul 15»
8
New Home Ownership Scheme Appeals to Diaspora
He explained that the concept borrows more from the hire purchase mode of payment where on or during the construction of the unit, ... «AllAfrica.com, Jul 15»
9
Ministers to Oversee Alignment of Laws
... 22:06], Hire Purchase Act [Chapter 14:09], Income Tax Act [Chapter 23:06], Income Tax (Transitional Period Provisions) Act [Chapter 23:07], ... «AllAfrica.com, Jul 15»
10
Terry McMahon on the films that shaped him
... black and white television, but my old man was a movie lover and he was the first on the street to get a colour television - on hire purchase. «The Irish Film Television Network, Jul 15»

REFERENCE
« EDUCALINGO. Hire purchase [online]. Available <https://educalingo.com/en/dic-en/hire-purchase>. Apr 2024 ».
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