installment plan

noun

Definition of installment plan

: 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 An installment plan, where the security deposit is paid over a period of no less than six months. Sharon Coolidge, Cincinnati.com, "As coronavirus hurts renters, new Cincinnati security deposit law may help the strugglers," 14 Apr. 2020 Housing executives emphasize that borrowers can also arrange installment plans or get an extension, among other options. Khristopher J. Brooks, CBS News, "Nearly 4 million homeowners are no longer paying their mortgages," 1 May 2020 An installment plan, where the security deposit is paid over a period of no less than six months. Sharon Coolidge, Cincinnati.com, "As coronavirus hurts renters, new Cincinnati security deposit law may help the strugglers," 14 Apr. 2020 Get a Samsung Galaxy A10e for free: To qualify, buy it on an installment plan. Shayna Murphy And, USA TODAY, "The best Presidents Day sales already happening at Verizon, AT&T, Sprint, and T-Mobile," 14 Feb. 2020 Cincinnati’s bill included a compromise, allowing landlords to offer installment plans of at least six months to tenants, instead of just insurance plans. Will Parker, WSJ, "Security Deposits Are the Bane of Many Renters. Lawmakers Want to Change That.," 18 Jan. 2020 An installment plan, where the security deposit is paid over a period of no less than six months. Sharon Coolidge, Cincinnati.com, "Council passes plan to help renters pay security deposits," 15 Jan. 2020 In the past, some retailers offered free gift cards (in amounts as substantial as $400) with a qualifying phone purchase on an installment plan. cleveland, "Win big on Black Friday 2019 by buying this, not that," 17 Nov. 2019 His demand is only likely to convince a lot of people that any gun control measure, no matter how modest, would be confiscation on the installment plan. Steve Chapman, chicagotribune.com, "Column: Beto O’Rourke’s boneheaded call for confiscating guns," 20 Sep. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'installment plan.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of installment plan

1876, in the meaning defined above

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Time Traveler for installment plan

Time Traveler

The first known use of installment plan was in 1876

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Cite this Entry

“Installment plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/installment%20plan. Accessed 21 Oct. 2020.

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More Definitions for installment plan

installment plan

noun

English Language Learners Definition of installment plan

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

More from Merriam-Webster on installment plan

Thesaurus: All synonyms and antonyms for installment plan

Britannica.com: Encyclopedia article about installment plan

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