Definition of "hire-purchase" [hire-purchase]

• Alternative spelling of hire purchase. (adjective)

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• "As chief executive of Experian PLC, the world's largest credit-checking company, he is at the top of an organization that provides information determining whether you receive a personal loan, qualify for a mortgage or complete a hire-purchase agreement on a new TV."
• "A majority of Thanachart's credit extension is in the hire-purchase segment, while Siam City's is in corporate and housing loans."
• "A majority of his customers obtained their pianos on the "hire-purchase system," and oftener than not, they were persons of very small or very precarious income, who, rabid in the pursuit of gentility signed agreements they had little chance of fulfilling; when in pecuniary straits, they either raised money upon the instruments, or allowed them to fall into the hands of distraining creditors."