Word Meanings - HIREPURCHASEHIREPURCHASEAGREEMENTHIREANDPURCHASEAGREEMENT - Book Publishers vocabulary database

A contract (more fully called contract of hire with an option of purchase) in which a person hires goods for a specified period and at a fixed rent, with the added condition that if he shall retain the goods for the full period and pay all the installments of rent as they become due the contract shall determine and the title vest absolutely in him, and that if he chooses he may at any time during the term surrender the goods and be quit of any liability for future installments upon the contract. In the United States such a contract is generally treated as a conditional sale, and the term hire purchase is also sometimes applied to a contract in which the hirer is not free to avoid future liability by surrender of the goods. In England, however, if the hirer does not have this right the contract is a sale.

• Conditionly
  Conditionally.
• Right
  Straight; direct; not crooked; as, a right line.
• RIGHTRUNNING
  Straight; direct.
• Addible
  Capable of being added.
• Determine
  To fix the boundaries of; to mark off and separate.
• Right-handedness
  The state or quality of being right-handed; hence, skill; dexterity.
• Duration
  The state or quality of lasting; continuance in time; the portion of time during which anything exists.
• Shalloon
  A thin, loosely woven, twilled worsted stuff.
• Addressee
  One to whom anything is addressed.
• Durometer
  An instrument for measuring the degree of hardness; especially, an instrument for testing the relative hardness of steel rails and the like.
• Specificalness
  The quality of being specific.
• Applicable
  Capable of being applied; fit or suitable to be applied; having relevance; as, this observation is applicable to the case under consideration.
• Fixure
  Fixed position; stable condition; firmness.
• Surrenderer
  One who surrenders.
• Avoidable
  Capable of being vacated; liable to be annulled or made invalid; voidable.
• Periodate
  A salt of periodic acid.
• Treature
  Treatment.
• Calligrapher
  One skilled in calligraphy; a good penman.
• Personal
  Pertaining to human beings as distinct from things.

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