installment plan
Gradual purchase arrangement
An installment plan is an arrangement to pay for something through a series of smaller payments over time rather than all at once: We bought the furniture on an installment plan.
The term is American; British English prefers hire purchase.
The approach makes expensive items accessible but typically costs more overall due to interest charges.
Recognition or payment deferral
- loanBorrowed money repaid later
- interestAttention, stake, or fee
- amortizationGradual debt reduction schedule
- principalChief school administrator
debt · mortgage · down payment · borrower · lender · creditworthiness · financing · buy now pay later
Movable room objects
- appliancesPowered household equipment
- electronicsStudy of circuits
- automobileSelf-propelled passenger conveyance
- jewelryOrnamental personal accessories
mattress · big-ticket item · catalog · department store · rent-to-own · zero interest · promotional offer · consumer goods
Recurring scheduled remittance
- billingCharging for services rendered
- invoiceItemized billing statement
- duesRegular membership payments
- arrearsOverdue financial obligations
remittance · payable · receipt · transaction · autopay · direct debit · coupon book · outstanding balance
State of being purchasable
- expensesMoney spent on things
- incomeRegular monetary receipts
- allocationDistribution of shares
- cashflowNet money movement
forecasting · management · pricing · fixed cost · predictability · household budget · financial planning · disposable income
Ordered display of events
- datesCalendar numbers or courtship
- deadlinesSubmission cutoff times
- intervalsGaps between events
- frequencyRate of recurrence
milestones · periodicity · cycle · cadence · duration · biweekly · semimonthly · quarterly
credit
Recognition or payment deferral
- loanBorrowed money repaid later
- interestAttention, stake, or fee
- amortizationGradual debt reduction schedule
principal · debt · mortgage · down payment · borrower · lender · creditworthiness · financing · buy now pay later · deferred payment
furniture
Movable room objects
- appliancesPowered household equipment
- electronicsStudy of circuits
- automobileSelf-propelled passenger conveyance
jewelry · mattress · big-ticket item · catalog · department store · rent-to-own · zero interest · promotional offer · consumer goods
monthly payment
Recurring scheduled remittance
- billingCharging for services rendered
- invoiceItemized billing statement
- duesRegular membership payments
arrears · remittance · payable · receipt · transaction · autopay · direct debit · coupon book · outstanding balance · payoff
affordability
State of being purchasable
- expensesMoney spent on things
- incomeRegular monetary receipts
- allocationDistribution of shares
cashflow · forecasting · management · pricing · fixed cost · predictability · household budget · financial planning · disposable income
timeline
Ordered display of events
frequency · milestones · periodicity · cycle · cadence · duration · biweekly · semimonthly · quarterly · final payment
- financial commitmentsloan, mortgage, bond, promissory note, debenture
- paymentspayment, monthly payment, cash payment, payment date, credit cards
- Early 1900sroaring twenties, flapper, jazz, speakeasy, prohibition
- Federal TaxesIRS, tax return, tax refund, Form 1040, 1040
- direct salesbuy now, order now, call now, call to action, toll-free number
- financial arrangementsloan, credit agreement, credit line, line of credit, promissory note
installment planlump sum
Entire amount at once
lump-sum payment · full payment · single payment · one-time payment · cash on the barrelhead
installment planlayaway
Deferred purchase arrangement
cash and carry · cash deal · saving up · pay-as-you-go · prepayment
plan, install, installed, installment, installing, installs, installers, installer, reinstall