UC Law School statement: The Law School has received many media requests about Barack Obama, especially about his status as Senior Lecturer.. From 1992 until his election to the U.S. Senate in 2004, Barack Obama served as a professor in the Law School. He was a Lecturer from 1992 to 1996.
DEFINITION of 'Hire Purchase'. A method of buying goods through making installment payments over time. The term hire purchase originated in the U.K., and is similar to what are called rent-to-own arrangements in the United States.Under a hire purchase contract, the buyer is leasing the goods and does not obtain ownership until the full amount of the contract is paid. Next Up.he term hire purchase originated in the U.K., and is similar to what are called rent-to-own arrangements in the United States. Under a hire purchase contract, the buyer is leasing the goods and does not obtain ownership until the full amount of the contract is paid. Next Up.
From Wikipedia, the free encyclopedia. A purchase order (PO) is a commercial document and first official offer issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers. Acceptance of a purchase order by a seller forms a contract between the buyer and seller, and no contract exists until the purchase order is accepted.