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Hire purchase

noun

Definitions

Noun
  1. 1
    A method of purchasing an item, where the buyer hires it and takes possession of it and pays regular instalments. Ownership is only transferred on payment of the final amount. Abbreviated as HP. Commonwealth, Ireland, UK, countable, uncountable

    "Hector Puncheon was a young man with a hearty and healthy digestion. He had heard, of course, of sodium bicarb, and its virtues, but only as a wealthy man hears of hire-purchase."

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