installment plan


: a system of paying for goods by installments

Example Sentences

We used an installment plan to buy the furniture. We bought it on the installment plan.
Recent Examples on the Web With an installment plan, Verizon says the math works out to $10 per month for 36 months. Cameron Faulkner, The Verge, 5 Jan. 2023 The average consumer in Texas who took out a payday loan was required to pay 527% of the loan amount in the fees and interest over a four-month installment plan. Dallas News, 13 Apr. 2022 Microsoft no longer offers its Surface All Access installment plan. Brenda Stolyar Scott Gilbertson, WIRED, 21 Nov. 2022 Affirm offers a different model: An online shopper is offered a zero-percent, short-term installment plan or loan for their purchase right at the virtual checkout. Lauren Goode, WIRED, 1 Dec. 2022 The nonprofit plans to use rent money from the complex to pay off the debt to the regular authority in an installment plan, Terry said. Stacy Ryburn, Arkansas Online, 25 Sep. 2022 This means it must be fully paid for — not on an installment plan or under a multi-year service contract with a termination fee. Bob O'donnell, USA TODAY, 13 Sep. 2022 To receive this offer, customers will need to trade-in an eligible device and buy a 30-month installment plan. Taylor Lyles, The Verge, 29 Jan. 2021 Chong noted the six-month plan is especially suited for people with chronic conditions; an installment plan helps patients pay for services over time in manageable chunks. Steven Aquino, Forbes, 5 July 2022 See More

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.” Dictionary, Merriam-Webster, Accessed 30 Mar. 2023.

Kids Definition

installment plan

: a system of paying for goods or services in installments

More from Merriam-Webster on installment plan

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