payment plan
Pay over time
A payment plan is an arrangement to pay for something over time rather than all at once.
Retailers offer payment plans for expensive items; debtors negotiate payment plans with creditors.
The term implies structured installments: We set up a payment plan for the medical bills.
Also called an installment plan.
- easy paymentsDivided purchase cost over time
- creditorOne owed money
- installmentPeriodic partial payment
- debtorOne who owes
- credit checkExamination of payment history
amortization · repayment schedule · arrears · contract · debt settlement · debt collector · financial hardship · promissory note · loan modification · consumer trust · impulse control · grace period · mortgage · delayed gratification · default · car loan · monthly · zero interest
- personal financesavings, income, credit, investments, bills
- taxationtax, income tax, sales tax, tax return, tax refund
- financial reliefdebt relief, bailout, loan forgiveness, debt forgiveness, stimulus
- Payment Plansmonthly payments, installment loan, financing, easy payments, financing plans
- tax issuesback taxes, tax lien, tax levy, tax fraud, IRS notice
- Judgment Enforcementwrit of execution, garnishment, wage garnishment, bank levy, property seizure
payment planlump sum
Entire amount at once
full payment · one-time payment · lump sum payment · single payment · upfront payment
payment plancash and carry
Pay upfront, transport yourself
impulse purchase · no strings attached · gift · barter · free