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hp agreement

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humps4life | 17:14 Tue 07th Feb 2006 | Business & Finance
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what is an hp agreement?
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Avatar Image Rockylex

Hi


HP means Hire Purchase.


This means that you are hiring the purchase until full payment has been received. It is not owbed by you.


For instance a car - 4yrs on HP - if you paid monthly for 4 years you have the option keep it (buy it fully) at the end or give it back.

17:26 Tue 07th Feb 2006
Avatar Image xrayspecs
A Hire Purchase agreement. You agree to make installment payments for something over a specified period of time. You take the goods away but they remain the property of the seller until the HP agreement has ended.
01:04 Wed 08th Feb 2006

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