hire purchase agreement

listen to the pronunciation of hire purchase agreement
English - Turkish
(Ticaret) taksitle satış sözleşmesi
English - English
In England, however, if the hirer does not have this right the contract is a sale
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
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

Related Terms

hire and purchase agreement
In England, however, if the hirer does not have this right the contract is a sale
hire and purchase agreement
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
hire and purchase agreement
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
hire purchase agreement

    Hyphenation

    hire pur·chase A·gree·ment

    Turkish pronunciation

    hayr pırçıs ıgrimınt

    Pronunciation

    /ˈhīr ˈpərʧəs əˈgrēmənt/ /ˈhaɪr ˈpɜrʧəs əˈɡriːmənt/
Favorites
More...
Clear