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installment buying

installment buying in Culture

installment buying definition

Purchasing a commodity over a period of time. The buyer gains the use of the commodity immediately and then pays for it in periodic payments called installments.

The American HeritageĀ® New Dictionary of Cultural Literacy, Third Edition
Copyright Ā© 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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