rent-to-own
Noun
Meaning
rent-to-own (uncountable)
A transaction by which tangible property, such as furniture or electronics, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during the agreement.
Synonyms
Examples
A bill creating new regulations for rent-to-own contracts for items like appliances and furniture hit opposition from consumer advocates when it rolled out in the House Rules Committee Thursday night.
The Capital Good Fund works to create pathways out of poverty for Rhode Islanders by providing affordable loans that take the place of payday loans, buy-here-pay-here car financing, and rent-to-own pricing.
Lake bought the home under a rent-to-own program through Ralph Schrader.
Lawmakers in Madison held a hearing yesterday which would deregulate rent-to-own companies.
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They’re just as quick to point out that they have no connection to — or contact with — the rent-to-own industry.