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hire purchase

(UK, Irish, Commonwealth) A method of purchasing an item, where the buyer hires it and takes possession of it and pays regular instalments.

ˈhaɪɚ ˈpɝt͡ʃəs96 viewsLast reviewed Jun 29, 2026+ Add a definition
🇬🇧 British & Irish slang
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UK
#1·Apr 27, 2026UK

(UK, Irish, Commonwealth) A method of purchasing an item, where the buyer hires it and takes possession of it and pays regular instalments. Ownership is only transferred on payment of the final amount. Abbreviated as HP.

Hector Puncheon was a young man with a hearty and healthy digestion. He had heard, of course, of sodium bicarb, and its virtues, but only as a wealthy man hears of hire-purchase.
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🇬🇧About British & Irish slang slang

UK and Irish slang — Cockney, Scouse, Geordie, Yorkshire, Glaswegian, Brummie, Welsh, West Country, plus Irish English. Centuries of regional dialects feeding into modern British and Irish street talk.

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