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 Struggles with refunds through BNPL Returns and billing disputes have been particular pain points for shoppers using the installment plans. Alina Selyukh, NPR, 22 May 2024 The Ascend program offers an installment plan pay structure for students—but don’t let the cost alone dictate its effectiveness. Hilary Tetenbaum, USA TODAY, 27 Mar. 2024 Their data showed that for the latter group, BNPL functions more like interest-free loans, and users with good credit are more likely to use BNPL installment plans sparingly, especially for big purchases over $2,000. Dylan Sloan, Fortune, 14 Feb. 2024 Yuliya and Nikita also care about the customer's payment comfort, actively working on providing installment plans for procedures costing over $800. Svetlana Khachiyan, USA TODAY, 6 Jan. 2024 See all Example Sentences for installment plan 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'installment plan.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1876, in the meaning defined above

Time Traveler
The first known use of installment plan was in 1876

Dictionary Entries Near installment plan

Cite this Entry

“Installment plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/installment%20plan. Accessed 18 Jul. 2024.

Kids Definition

installment plan

noun
: a system of paying for goods or services in installments

More from Merriam-Webster on installment plan

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