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Hire purchase

A hire purchase (HP), also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as closed-end leasing or rent-to-own.

Standards, In Australia & Standard provisions

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In Australia

CompaniesPartnershipsSole tradersAustraliaCars
11 related topics

Standard provisions

Parties
1 related topics

In Malaysia

MalaysiaFinancial institutionsVehicles
3 related topics

The seller and the owner

IrelandTitle
2 related topics

Topics to explore

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Overview

Standard provisions

The seller and the owner

In Australia

In Malaysia

Advanced semantic analysis

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Map overview Semantic statistics

Hire purchase

Nodes31
Edges30
Triples17
Avg. degree1.94
Density0.064516
Components1

How this topic connects Entity context

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Hire purchase

Top relations

related to In Australia · 6
Hire purchase → Australia, Business Activity Statement, GST, Hire, Input Tax Credit, Under Australian Taxation Office
related to In Malaysia · 6
Hire purchase → April, Hire, Hire Purchase Act, In Malaysia, Malaysia, Purchasing

Important terminology Word statistics

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Important terminology

goods owner purchase hire price buyer contract installments hp usually may seller hirer agreement business balance paying pay consumers australia

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
automobilesinstance ofsuch as credit cards.These contracts are most commonly used for items0.80text
high-value electrical goods where the purchasers are unable to pay for the goods directlyinstance ofsuch as credit cards.These contracts are most commonly used for items0.80text
carsinstance ofwhich came into force on 11 April 1968 after hire purchase became popular in the acquisition of expensive consumer goods0.80text
business equipmentinstance ofwhich came into force on 11 April 1968 after hire purchase became popular in the acquisition of expensive consumer goods0.80text
industrial machineryinstance ofwhich came into force on 11 April 1968 after hire purchase became popular in the acquisition of expensive consumer goods0.80text
Hire purchaserelated to In AustraliaHire0.60section
Hire purchaserelated to In AustraliaAustralia0.60section
Hire purchaserelated to In AustraliaUnder Australian Taxation Office0.60section
Hire purchaserelated to In AustraliaGST0.60section
Hire purchaserelated to In AustraliaInput Tax Credit0.60section
Hire purchaserelated to In AustraliaBusiness Activity Statement0.60section
Hire purchaserelated to In MalaysiaHire0.60section

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