installment plan

See synonyms for installment plan on
  1. a system for paying for an item in fixed amounts at specified intervals.

Origin of installment plan

First recorded in 1875–80

Words Nearby installment plan Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use installment plan in a sentence

  • With intellectual taste, he can fill his library with just the books he desires "on the installment plan."

    Usury | Calvin Elliott

British Dictionary definitions for installment plan

installment plan

  1. 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 paid: Also 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