hire purchase

noun

chiefly British
: purchase on the installment plan

Examples of hire purchase in a Sentence

They bought the furniture on hire purchase.

Word History

First Known Use

1895, in the meaning defined above

Time Traveler
The first known use of hire purchase was in 1895

Dictionary Entries Near hire purchase

Cite this Entry

“Hire purchase.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/hire%20purchase. Accessed 21 Apr. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!