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View synonyms for installment plan
installment plan
noun
- a system for paying for an item in fixed amounts at specified intervals.
installment plan
noun
- a system for purchasing merchandise, such as cars or furniture, in which the buyer takes possession of the merchandise on payment of a deposit and completes the purchase by paying a series of regular instalments while the seller retains ownership until the final instalment is paid Also called (in Britain and certain other countries)hire-purchase
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Word History and Origins
Origin of installment plan1
First recorded in 1875–80
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Example Sentences
Very few letters will sell articles costing as much as fifty dollars unless perhaps the payments are on the installment plan.
From Project Gutenberg
The installment plan is important to consider, since it is so common for people of small means.
From Project Gutenberg
You may say that the installment plan gives the use of the encyclopdia at once, and this is true.
From Project Gutenberg
Almost all the books in the Williams household had been bought of agents and paid for on the installment plan.
From Project Gutenberg
With intellectual taste, he can fill his library with just the books he desires "on the installment plan."
From Project Gutenberg
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