lase-purchase

Definition

  1. Noun:

    • A hire-purchase or lease-purchase agreement: "lase-purchase" refers to a contractual arrangement in which a person or entity can use an asset (such as equipment or property) under a lease, with the option or obligation to purchase it later, often with a discount applied for rent already paid.
Usage Examples
  • Noun:
    • The company acquired the machinery under a lase-purchase agreement, allowing them to deduct the rental payments from the final purchase price. (A lease-to-own contract where rent reduces the buyout cost.)
    • She opted for a lase-purchase plan for the car, paying monthly installments with the intention of buying it at the end of the term. (A hire-purchase scheme for a vehicle.)
Advanced Usage
  • "to enter into a lase-purchase": to begin such an agreement.
    • Many small businesses enter into a lase-purchase for office equipment to manage cash flow. (They use lease-to-own contracts to avoid large upfront costs.)
Variants and Related Words
  • Lease-purchase (n): the standard spelling of this term, meaning a contract combining a lease with an option to buy.
    • The lease-purchase option allowed the tenant to become the owner after five years. (A standard lease-to-own agreement.)
  • Hire-purchase (n): a similar arrangement, common in British English, where the buyer rents an item with the intention of buying it.
    • They bought the furniture on hire-purchase, paying it off over two years. (A rent-to-own plan.)
Synonyms
  • Lease-to-own: a contract where the lessee can purchase the asset at the end of the lease term.
  • Rent-to-own: a similar agreement for consumer goods or real estate.
Related Idioms
  • To buy on the never-never: a British informal idiom for hire-purchase or installment buying.
    • He got the television on the never-never, paying a little each month. (He bought it using a hire-purchase plan.)

Note: "lase-purchase" is likely a typographical error or historical variant of "lease-purchase." In modern usage, "lease-purchase" is the correct and standard term.