rent-to-own (B2)
noun phrase
Pronunciation: /ˈrɛnt.tə.ˈoʊn/
Definition
A type of agreement where a person rents a product, usually with the option to purchase it later, often with a portion of the rental payments applying to the purchase price.
Examples
The rent-to-own store allowed customers to take home a new laptop for a low monthly payment, with the option to buy it after two years.
She decided to rent-to-own her new furniture, as it was more affordable than paying the full price upfront.
The company offered a rent-to-own program for their equipment, which helped small businesses get started without a large initial investment.
How to Use rent-to-own
- rent-to-own agreement (noun phrase)
- a contract that outlines the terms of a rent-to-own arrangement — "The company offered a rent-to-own agreement for the new equipment, which included a monthly payment plan and the option to purchase."
- rent-to-own store (noun phrase)
- a retail store that offers rent-to-own options for products — "The rent-to-own store allowed customers to take home a new TV for a low monthly payment, with the option to buy it later."
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