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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
In addition, Americans tend to purchase new phones via monthly installment plans through carriers and retailers rather than paying the full retail price up front. Lisa Eadicicco, CNN, 7 Feb. 2025 In a social media thread, Ukrainian internal affairs adviser Anton Gerashchenko noted how Russia's Federal Tax Service (FTS) had filed claims against the mine of more than $2.24 million and that an installment plan for the payments was set up. Michael Gfoeller and David H. Rundell, Newsweek, 16 Jan. 2025 Once this was discovered, Holmes and Price worked out an installment plan to pay the six-figure debt over the course of the year. Jasmine Browley, Essence, 14 Jan. 2025 The company's tap-to-pay app will soon support a Buy Now, Pay Later system, allowing customers to create instant installment plans even when shopping offline. Julian Chokkattu, WIRED, 22 Jan. 2025 See all Example Sentences for installment plan 

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 14 Feb. 2025.

Kids Definition

installment plan

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

More from Merriam-Webster on installment plan

Last Updated: - Updated example sentences
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