installment plans

Gradual purchase arrangements

Installment plans are arrangements to pay for something through a series of smaller payments over time rather than all at once.

Common for large purchases like furniture, appliances, or cars: We bought the refrigerator on an installment plan.

The term often implies fixed monthly amounts with interest charges.

Related

payment schedules · easy payments · buy now pay later · amortization · bill · card · partial payment · Klarna · no money down · debt · promissory notes · loan · hire-purchase · EMI · zero interest · interests · deferred payment · debt restructuring

Categories
Opposites
payment timing

installment planslump sum payment

Full amount given once

one-time payment · single payment · cash payment · full payment · cash on the barrelhead

financial structure

installment planssaving up

Gradually accumulating funds

layaway · pay-as-you-go · prepayment · advance payment

credit vs. immediate settlement

installment planscash on delivery

Payment at receipt

cash and carry · pay-as-you-go · C.O.D.

Family

plan, install, installation, installed, installment, installing, installs, installer, installments

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Everyday, not technical · Rated G