installment plan
noun
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
installant,
installation,
installation art,
installment,
installment buying,
installment plan,
instalment,
instamatic,
instance,
instancy,
instant
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 paid
Also called (in Britain and certain other countries): hire-purchase