installment plan

noun

: a system of paying for goods by installments

Examples of installment plan in a Sentence

We used an installment plan to buy the furniture. We bought it on the installment plan.
Recent Examples on the Web Their data showed that for the latter group, BNPL functions more like interest-free loans, and users with good credit are more likely to use BNPL installment plans sparingly, especially for big purchases over $2,000. Dylan Sloan, Fortune, 14 Feb. 2024 Yuliya and Nikita also care about the customer's payment comfort, actively working on providing installment plans for procedures costing over $800. Svetlana Khachiyan, USA TODAY, 6 Jan. 2024 Used responsibly, the installment plans increase financial inclusion, according to the Federal Reserve Bank of New York. Cora Lewis, The Christian Science Monitor, 1 Dec. 2023 Fredo Spanos: For nothing ... and, OK, finally getting Stan Kroenke to accept an installment plan for his $1 stadium rent. Nick Canepa, San Diego Union-Tribune, 22 Nov. 2023 However, this installment plan might come with an enrollment fee or interest charges. Rebecca Safier, wsj.com, 14 Oct. 2023 Parents who tapped their retirement accounts or encountered installment plan fees to cover tuition amid the earnings fiasco may still need to file a claim to recoup those expenses. Danielle Douglas-Gabriel, Washington Post, 10 July 2023 Others blame expensive wars abroad, paid for on the installment plan. R. Glenn Hubbard, Foreign Affairs, 11 June 2013 And when the amount owed on the installment plan is low and the enrollment fee is high, students can face annual percentage rates as high as 237%, the bureau said. Danielle Douglas-Gabriel The Washington Post, Arkansas Online, 16 Sep. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'installment plan.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1876, in the meaning defined above

Time Traveler
The first known use of installment plan was in 1876

Dictionary Entries Near installment plan

Cite this Entry

“Installment plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/installment%20plan. Accessed 19 Mar. 2024.

Kids Definition

installment plan

noun
: a system of paying for goods or services in installments

More from Merriam-Webster on installment plan

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