Definition of instalment credit in English:

instalment credit

noun

  • [mass noun] Credit for a fixed sum to be repaid in instalments, e.g. for hire purchase.

    • ‘He invented the basic tools of modern marketing, including market research and market analysis, pricing policies, parts and service supply to the customer, and instalment credit.’
    • ‘There was a decidedly speculative element in the growth of instalment credit: present consumption was being financed with anticipated earnings.’