hire-purchase
Pay while owning
Hire-purchase is a British system for buying goods through installment payments, where the buyer takes possession immediately but doesn't own the item until all payments are complete: We got the television on hire-purchase.
The American equivalent is an installment plan or layaway, though layaway typically withholds possession until final payment.
Periodic partial payment
- payment planArranged installment schedule
- down paymentInitial sum toward purchase
- interest rateCost of borrowing money
- depositPlace for safekeeping
repayment · amortization · loan term · principal · finance charge · credit agreement · deferred payment · monthly payment
Shared position between parties
- termsConditions of an agreement
- conditionsPrevailing state of affairs
- leaseTemporary use contract
- schedulePlan of timed events
default · repossession · collateral · buyer · seller · cooling-off period · guarantee · warranty
Retail establishment
- dealerOne who sells goods
- vendorOne who sells goods
- consumerOne who acquires goods
- transactionExchange of goods/money
sale · commerce · shop · outlet · salesperson · commission · trade-in · negotiation
Means of transport
- carWheeled motor vehicle
- furnitureMovable room objects
- appliancePowered household device
- electronicsStudy of circuits
machinery · equipment · television · refrigerator · washing machine · sofa · motorcycle · computer
installment
Periodic partial payment
- payment planArranged installment schedule
- down paymentInitial sum toward purchase
- interest rateCost of borrowing money
deposit · repayment · amortization · loan term · principal · finance charge · credit agreement · deferred payment · monthly payment · APR
agreement
Shared position between parties
- termsConditions of an agreement
- conditionsPrevailing state of affairs
- leaseTemporary use contract
schedule · default · repossession · collateral · buyer · seller · cooling-off period · guarantee · warranty · penalty clause
store
Retail establishment
transaction · sale · commerce · shop · outlet · salesperson · commission · trade-in · negotiation · discount
vehicle
Means of transport
electronics · machinery · equipment · television · refrigerator · washing machine · sofa · motorcycle · computer · showroom
hire-purchasecash payment
Transaction using physical currency
lump sum payment · upfront payment · cash on delivery · full payment · one-time payment
hire-purchasefreehold
Permanent property title
cash and carry · clear title · gift · inheritance · gifting
hire, purchase, hires, hired, hiring, hirer, hirers, purchases, purchased