Dictionary

installment plan

noun

: a way of paying for something by making a series of small payments over a long time

Full Definition of INSTALLMENT PLAN

:  a system of paying for goods by installments
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Examples of INSTALLMENT PLAN

  1. We used an installment plan to buy the furniture.
  2. We bought it on the installment plan.

First Known Use of INSTALLMENT PLAN

1876

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