installment buying
Buy now, pay later
Installment buying is purchasing something by making regular partial payments over time rather than paying the full price upfront.
The buyer typically takes possession immediately while paying off the balance in weekly or monthly installments: They got the furniture through installment buying.
Also called installment plan or buying on time.
- spending habitsTypical purchasing behaviors
- creditRecognition or payment deferral
- store creditNon-cash refund option
- credit limitMaximum allowed debt
- loanBorrowed money repaid later
interest rate · zero interest · down payment · no money down · easy payments · monthly bills · contract · fine print · budgeting · principal · amortization · purchasing power · usury laws · buy now pay later · collateral · deferred payment · consumer protection · delayed gratification
installment buyinglump-sum payment
Full amount paid immediately
one-time payment · single payment · cash on the barrelhead · cash and carry
installment buyingsaving up
Gradually accumulating funds
cash basis · pay-as-you-go · living within means · cash economy · layaway
installment buyinglump sum payment
Full amount given once
upfront payment · one-time payment · full payment · cash on delivery · cash and carry
install, installment, installments, installed, installing, installs, installation, installations, reinstall