Definition of installment plan in English:

installment plan


  • An arrangement for payment by installments.

    • ‘Failure to do so can lead to the instalment plan being withdrawn and recovery action being taken through the courts.’
    • ‘All I can do with these preset bills is to take advantage of any discounts or instalment plans that come from paying by Direct Debit.’
    • ‘This ‘cash and carry system’ included the refusal to purchase any need with a personal cheque, on credit, or using any type of instalment plan.’
    • ‘Apparently no mainstream publisher was interested in the ninth volume in his Legends of Ethshar series, so he is offering the book online on a sort of instalment plan.’
    • ‘NU believes many people who can't afford to commit a lump sum are not being sold instalment plans because, until now, such plans have not earned the middle man any commission.’