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Hire-purchase (Noun)

Meaning

Installment plan; "we bought a car on the never-never".

Classification

Nouns denoting possession and transfer of possession.

Examples

  • They agreed on a hire-purchase plan, allowing them to make monthly payments over two years for the new sofa.
  • After researching and comparing different deals, she finally settled on a hire-purchase arrangement to finance her first home.
  • When her mother fell ill, the family took advantage of a hire-purchase plan to purchase medical equipment, rather than having to pay upfront.
  • Paying by hire-purchase gave him more time to focus on growing his business before settling the balance in full.
  • Browsing in a 1970s nostalgia shop reminded him of his grandmother's common phrase, "we bought our television on the never-never" – essentially a hire-purchase agreement.

Synonyms

  • Never-never

Hypernyms

  • Installment Buying
  • Time Plan
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