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installment plan

noun

Simple Definition of installment plan

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

Source: Merriam-Webster's Learner's Dictionary

Full Definition of installment plan

  1. :  a system of paying for goods by installments

Examples of installment plan in a sentence

  1. We used an installment plan to buy the furniture.

  2. We bought it on the installment plan.



1876

First Known Use of installment plan

1876


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