installment plan


noun

a system for paying for an item in fixed amounts at specified intervals.

Nearby words

  1. installant,
  2. installation,
  3. installation art,
  4. installment,
  5. installment buying,
  6. instalment,
  7. instamatic,
  8. instance,
  9. instancy,
  10. instant

Origin of installment plan

First recorded in 1875–80

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


British Dictionary definitions for installment plan

installment plan

esp Canadian instalment plan

noun

US and Canadian 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 paidAlso called (in Britain and certain other countries): hire-purchase
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012