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installment plan

noun
1.
a system for paying for an item in fixed amounts at specified intervals.
Origin of installment plan
1875-1880
1875-80
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for installment plan
  • Credit cards widely accepted, though the waitress always asks whether you want to pay for your meal on the installment plan.
  • Everything on an installment plan with option to return.
  • His company invented the installment plan and the trade-in.
  • If you are unable to repay your loan before your loan is due, you may request an installment plan with no additional fees.
  • There may even be a good reason to purchase on the installment plan without any down payment, if possible.
  • The installment plan provides a longer payback time with no additional fees.
  • If you are unable to pay the entire amount in one lump sum, you may enter into a monthly installment plan.
  • Vehicles registered after beginning the installment payment plan cannot be added to the installment plan.
  • If you comply with the terms of this installment plan, all additions will be waived.
  • There are two methods of setting up an installment plan.
British Dictionary definitions for installment plan

installment plan

noun
1.
(US & Canadian) 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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Difficulty index for installment plan

Few English speakers likely know this word

Word Value for installment

13
18
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Quotes with installment plan