installment plan

noun

: a system of paying for goods by installments

Examples of installment plan in a Sentence

We used an installment plan to buy the furniture.

We bought it on the installment plan.

Recent Examples on the Web

Both companies assist with services like Offers in Compromise, installment plans, and audit representation for those owing at least $10,000. — Adam Palasciano, USA Today, 17 July 2026

Apple Card Monthly Installments includes 3% Daily Cash up front and isn't tied to a carrier installment plan. — Ewan Spence, Forbes.com, 17 July 2026

Across Tehran, billboards now advertise installment plans to pay for basic goods. — Arash Azizi, The Atlantic, 10 June 2026

Recent studies show that more people are leaning on BNPL installment plans to cover groceries and other everyday expenses, not just discretionary buys. — Angelica Leicht, CBS News, 29 May 2026

Word History

First Known Use

1876, in the meaning defined above

Rhymes for installment plan

• assemblyman
• carbofuran
• catamaran
• chipewyan
• illinoian
• newspaperman
• nurseryman
• afghan
• bedpan
• began
• caveman
• chapin

Kids Definition

installment plan

noun

: a system of paying for goods or services in installments