installment plan


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

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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Previous Word in the Dictionary: installment mortgage
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