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

His father, a tailor, bought him a Royal portable typewriter on an installment plan, putting $2 down and making payments of 25 cents a week. New York Times, "Art Shay, Whose Camera Captured the Famous and the Everyday, Dies at 96," 10 May 2018 Now for the caveats. This deal doesn't include mobile hotspot for tethering, free Hulu or the ability to lease phones on monthly installment plans from Sprint. Eli Blumenthal, USA TODAY, "Sprint's new $15 per month unlimited offer hopes to lure in switchers," 7 June 2018 The company will sell the Galaxy S9 for $719.99 outright, or $30 a month over the course of a 24-month installment plan. Jeff Dunn, Ars Technica, "Dealmaster: Breaking down the Galaxy S9’s pre-order situation," 2 Mar. 2018 Often, for instance, people turn to electronics stores that offer products on credit, signing up to buy televisions or washing machines on installment plans, then immediately selling those appliances to get cash. Loveday Morris, Washington Post, "Behind bloody Gaza clashes, economic misery and piles of debt," 23 Apr. 2018 At launch, the Galaxy S9 will run $30 per month for 24 months on T-Mobile's installment plan. Eli Blumenthal, USA TODAY, "Samsung Galaxy S9, S9+ price: how to get the best deal," 25 Feb. 2018 Microsoft lets shoppers buy a new Surface on an installment plan, for as little as $40 per month. Wired Staff, WIRED, "Which Microsoft Surface Should You Buy?," 14 Mar. 2018 That 30-month plan is a half-year longer than most other installment plans, too. Jeff Dunn, Ars Technica, "Dealmaster: Breaking down the Galaxy S9’s pre-order situation," 2 Mar. 2018 Utilities will typically work with customers by setting up installment plans and making other arrangements. John Murawski, charlotteobserver, "Yes, your utility bills are going to be high. But how high? | Charlotte Observer," 9 Jan. 2018

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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The first known use of installment plan was in 1876

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More Definitions for installment plan

installment plan

noun

English Language Learners Definition of installment plan

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

More from Merriam-Webster on installment plan

Britannica.com: Encyclopedia article about installment plan

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