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LOTERRE

LOTERRE

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Concept information

... > social science subjects > business and management > marketing (business) > consumer culture > production, exchange and distribution in consumer culture > hire-purchase and rental goods

Preferred term

hire-purchase and rental goods  

Definition(s)

  • A hire-purchase (H-P) activity is a transaction that involves regular fees for the access to an entity, coupled with an option to buy provided that all conditions agreed in the contract are fulfilled at the end of the predetermined period. As such, H-P can be considered a type of installment credit. [Source: Encyclopedia of Consumer Culture; Hire-Purchase and Rental Goods]

Broader concept(s)

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URI

http://data.loterre.fr/ark:/67375/N9J-MQ3H4HCD-T

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