(UK, historical) The practice, abolished in 1871, of paying money to be made an officer in the cavalry and infantry regiments of the English and later British Army, without having to wait for promotio
(UK, historical) The practice, abolished in 1871, of paying money to be made an officer in the cavalry and infantry regiments of the English and later British Army, without having to wait for promotion.
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(British) The requisitioning of goods and services for royal use.
(UK, pensions) Describing a pension scheme in which an employer agrees to provide a pension payment or lump sum on retirement that is based on the combination of the employer's and employee's contributions to the scheme over the employee's working life.
(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.
(UK, slang, dated) To buy something that ultimately proves to be worth nothing or less than promised.