Noun
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.
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. Source: Internet
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. Source: Internet
Lake bought the home under a rent-to-own program through Ralph Schrader. Source: Internet
Lawmakers in Madison held a hearing yesterday which would deregulate rent-to-own companies. Source: Internet
More in this category:« Groups oppose legislation that could make rent-to-own deals less transparentHealth educator suggests lower BAC proposal oversimplifies issues involving drunk driving » Source: Internet
They’re just as quick to point out that they have no connection to — or contact with — the rent-to-own industry. Source: Internet