Hire purchase — (abbreviated HP) is the legal term for a contract, in this persons usually agree to pay for goods in parts or a percentage at a time. It was developed in the United Kingdom and can now be found in China, Japan, Malaysia, India, South Africa,… … Wikipedia
Hire Purchase — A method of buying goods through making installment payments over time. The term hire purchase originated in the U.K., and is similar to what are called rent to own arrangements in the United States. Under a hire purchase contract, the buyer is… … Investment dictionary
hire purchase system — buying after leasing, leasing with the option to buy at the end of the lease period … English contemporary dictionary
Leasing — is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductable payments. The lessee is the receiver of the services or the assets under the lease contract and the… … Wikipedia
purchase — {{Roman}}I.{{/Roman}} noun 1 buying sth ADJECTIVE ▪ cash ▪ credit ▪ online ▪ Make sure all online purchases are made through a secure server. ▪ bulk … Collocations dictionary
Closed-end leasing — is a contract based system governed by law in the U.S. and Canada. It allows a person the use of property for a fixed term, and the right to buy that property for the agreed residual value when the term expires. Closed end leases are so called… … Wikipedia
Business Contract Hire — Contract hire is a term used in the UK to describe a longer term (usually 2 years) RENTAL of a vehicle. There is a considerable industry the contract hire and leasing sector in the UK, with the largest current player being LEX a wholly owned… … Wikipedia
Vehicle leasing — refers to leasing the use of a motor vehicle for a fixed or indefinite period of time. It is commonly offered by dealers as an alternative to vehicle purchase. The key difference in a lease is that after the lease expires, the lessee must return… … Wikipedia
Finance and Leasing Association — The Finance and Leasing Association (FLA) is the leading trade association for the UK consumer credit, motor finance and asset finance sectors, and the largest organisation of its type in Europe. Members of FLA include: banks, subsidiaries of… … Wikipedia
LEASE AND HIRE — The Hebrew term sekhirut embraces the lease of immovable property (houses and fields) as well as the hire of movable property and personal services, and is a near parallel of locatio conductio rei in Roman law. In this article the term hire is… … Encyclopedia of Judaism
Chattel mortgage — Chattel mortgage, sometimes abbreviated CM, is the legal term for a type of loan contract used in some states with legal systems derived from English law. Under a typical chattel mortgage, the purchaser borrows funds for the purchase of movable… … Wikipedia