ALL meanings of installment plan
in·stall·ment plan
I i - noun installment plan finance: payment schedule 1
- noun installment plan a system for paying for an item in fixed amounts at specified intervals. 1
- countable noun installment plan An installment plan is a way of buying goods gradually. You make regular payments to the seller until, after some time, you have paid the full price and the goods belong to you. 0
- noun installment plan a system for purchasing merchandise, such as cars or furniture, in which the buyer takes possession of the merchandise on payment of a deposit and completes the purchase by paying a series of regular instalments while the seller retains ownership until the final instalment is paid 0
- noun installment plan a credit system by which debts, as for purchased articles, are paid in installments 0
- noun installment plan An installment plan is a system in which the buyer can take and use goods by paying a percentage of the price as deposit, and pay the remainder due by a series of regular installments. 0