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hire-purchase system: Meaning and Definition of

hire'-pur'chase sys"tem

Pronunciation: (hīr'pûr'chus), [key]
— Brit. Brit.
  1. a system of payment for a commodity in regular installments while using it. Also called
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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