Hire Purchase

B1 16+
Pronunciation Definitions Examples Grammatical Forms Origin and Evolution

Pronunciation: /haɪr ˈpɜːrtʃəs/

Definitions of hire purchase

noun an agreement for buying goods in which the buyer pays in regular installments while enjoying the use of the goods

Example Sentences

A1 I want to buy a new TV but I don't have enough money, so I am considering hire purchase.

A2 Many people choose hire purchase when they want to buy expensive items like cars or furniture.

B1 Before agreeing to a hire purchase contract, make sure you understand the terms and conditions.

B2 Hire purchase can be a convenient way to make a big purchase without having to pay the full amount upfront.

C1 The company offers hire purchase options for customers who want to spread out the cost of their purchases.

C2 The finance department is responsible for managing all hire purchase agreements and ensuring payments are made on time.

Examples of hire purchase in a Sentence

formal The company offers hire purchase options for customers looking to buy expensive equipment.

informal I'm thinking of getting that new TV through hire purchase so I can pay in installments.

slang I'm gonna do a hire purchase on that car to spread out the payments.

figurative Using hire purchase is like renting to own, but with the option to purchase at the end.

Grammatical Forms of hire purchase

plural

hire purchases

comparative

more hire purchase

superlative

most hire purchase

present tense

hire purchase

future tense

will hire purchase

perfect tense

have hire purchased

continuous tense

is hire purchasing

singular

hire purchase

positive degree

hire purchase

infinitive

to hire purchase

gerund

hire purchasing

participle

hire purchased

Origin and Evolution of hire purchase

First Known Use: 1882 year
Language of Origin: English
Story behind the word: The term 'hire purchase' originated in the United Kingdom in the late 19th century.
Evolution of the word: Originally used in the context of purchasing goods through installment payments, the term 'hire purchase' has evolved to encompass various types of consumer financing agreements where the buyer pays for an item in installments while using it.