installment plan

installment plan
noun
a system for paying for goods by installments
Hypernyms: ↑regular payment
Hyponyms: ↑hire-purchase, ↑never-never

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noun, pl ⋯ plans [count]
US : a way of paying for something by making a series of small payments over a long time

We used an installment plan to buy the furniture.

We bought it on the installment plan.

called also (Brit) hire purchase

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inˈstallment plan [installment plan] (NAmE) (BrE ˌhire ˈpurchase) noun uncountable, countable
a method of buying an article by making regular payments for it over several months or years. The article only belongs to the person who is buying it when all the payments have been made.
See also:hire purchase

Useful english dictionary. 2012.

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Look at other dictionaries:

  • installment plan — inˈstallment ˌplan noun [countable] FINANCE a way of buying something by making small, regular payments over an agreed period of time; = hire purchase Bre: • Shares can be purchased on the two part installment plan …   Financial and business terms

  • installment plan — installment plans N COUNT 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. [AM] (in BRIT, use hire purchase) …   English dictionary

  • installment plan — ☆ installment plan n. a credit system by which debts, as for purchased articles, are paid in installments …   English World dictionary

  • installment plan — n. on the installment plan (to buy smt. on the installment plan) * * * on the installment plan (to buy smt. on the installment plan) …   Combinatory dictionary

  • installment plan — /ɪn stɔ:lmənt plæn/, installment sales /ɪn stɔ:lmənt seɪlz/, installment buying /ɪn stɔ:lmənt ˌbaɪɪŋ/ noun US a system of buying something by paying a sum regularly each month ● to buy a car on the installment plan (NOTE: the British equivalent… …   Marketing dictionary in english

  • installment plan — /ɪn stɔ:lmənt plæn/, installment sales /ɪn stɔ:lmənt seɪlz/, installment buying /ɪn stɔ:lmənt ˌbaɪɪŋ/ noun US a system of buying something by paying a sum regularly each month ● to buy a car on the installment plan (NOTE: The UK term is hire… …   Dictionary of banking and finance

  • installment plan — plan to purchase through periodic payments …   English contemporary dictionary

  • installment plan — Synonyms and related words: acquitment, acquittal, acquittance, amortization, amortizement, bank credit, binder, book credit, borrowing, borrowing power, cash, cash credit, cash payment, clearance, commercial credit, consumer credit, credit,… …   Moby Thesaurus

  • installment plan — Commercial sales arrangement by which goods are sold and buyer pays for them in periodic payments. See also installment contract installment credit installment loan installment sale …   Black's law dictionary

  • installment plan — Commercial sales arrangement by which goods are sold and buyer pays for them in periodic payments. See also installment contract installment credit installment loan installment sale …   Black's law dictionary

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