Installment Plan (noun) Definition, Meaning & Examples

noun
  1. a system for paying for an item in fixed amounts at specified intervals.
noun
  1. 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
Installment Plan (noun) Definition, Meaning & Examples

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