Here you will find one or more explanations in English for the word Hire purchase.
Also in the bottom left of the page several parts of wikipedia pages related to the word Hire purchase and, of course, Hire purchase synonyms and on the right images related to the word Hire purchase.
Hire purchase
Hire purchase Hire purchase, or, more fully, Hire purchase
agreement Hire purchase agreement, or Hire and purchase
agreement Hire and purchase agreement (Law)
A contract (more fully called contract of hire with an option
of purchase) in which a person hires goods for a specified
period and at a fixed rent, with the added condition that if
he shall retain the goods for the full period and pay all the
installments of rent as they become due the contract shall
determine and the title vest absolutely in him, and that if
he chooses he may at any time during the term surrender the
goods and be quit of any liability for future installments
upon the contract. In the United States such a contract is
generally treated as a conditional sale, and the term hire
purchase is also sometimes applied to a contract in which the
hirer is not free to avoid future liability by surrender of
the goods. In England, however, if the hirer does not have
this right the contract is a sale.
Meaning of Hire purchase from wikipedia
- A
hire purchase (HP), also
known as an
installment plan, is an
arrangement whereby a
customer agrees to a
contract to
acquire an ****et by
paying an initial...
- The
Hire-
Purchase Act 1967 (Malay: Akta Sewa Beli 1967), is a
Malaysian law
which enacted to
regulate the form and
contents of
hire-
purchase agreements...
-
Hire Purchase under Shirkatul Melk (HPSM) is a type of
hire purchase contract which has been
developed through practice and
approved in Shariah. The term...
-
Personal contract purchase (PCP),
often referred to as a
personal contract plan, is a form of
hire purchase vehicle finance for
individual purchasers...
- the
Hire-
Purchase Act 1938,
later amended by the
Hire-
Purchase Act 1954 and the
Hire-
Purchase Act 1964. The 1965 Act
applied to all
hire-
purchase agreements...
- In this
transaction (
hire purchase or Lease-Sale or
Financial Lease) the
customer leases (
hires) a good and
agrees to
purchase it,
paying in installments...
- Adverti****ts (
Hire-
Purchase) Act 1957 (5 & 6 Eliz. 2. c. 41) was an Act of the
Parliament of the
United Kingdom that
regulated the way in
which hire-
purchase agreements...
- and from a
hire purchase/installment plan, in that the
lessee can
terminate the
agreement by
simply returning the
property (in a
hire purchase the buyer...
-
company was
initially engaged in bill discounting,
along with
lease and
hire purchase activities. In the
early 1990s, the
company started offering car financing...
-
tallyman was the
hire purchase collector, who
visited each w**** to
collect the
payments for
goods purchased on the 'never never', or
hire purchase.
These people...
