Meaning Of The Word Installment plan

Real Dictionary

What's the definition of Installment plan? Find Installment plan meanings, definitions and more at the Real Dictionary online.

Installment plan Meaning

Installment plan Definition
Installment plan Definition

What's The Definition Of Installment plan?

installment plan
countable noun: An installment plan is a way of buying goods gradually. You make regular payments to the seller until, after some time, you have paid the full price and the goods belong to you.

installment plan in American English
a credit system by which debts, as for purchased articles, are paid in installments
noun: a system for paying for an item in fixed amounts at specified intervals

installment plan in Retail
noun: An installment plan is a system in which the buyer can take and use goods by paying a percentage of the price as deposit, and pay the remainder due by a series of regular installments.

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