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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
Currently, more than 50% of sales on our marketplace are made using installment plans.
—Nikolay Seleznev, Forbes, 19 Dec. 2024
Potentially Flexible Repayment Options: Some payday lenders offer options like installment plans or extensions for borrowers struggling to meet repayment deadlines.
—True Tamplin, Forbes, 27 Nov. 2024
The research also showed that 65 percent of Gen Z decide to use a credit card installment plan before checkout.
—Arthur Zaczkiewicz, WWD, 25 Nov. 2024
Bottom line: Holiday shoppers — who aren't really buying necessities — should take their overall financial picture into account before being tempted by installment plans.
—Susan Tompor, Detroit Free Press, 21 Nov. 2024
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Word History
First Known Use
1876, in the meaning defined above
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 2 Jan. 2025.
Kids Definition
installment plan
noun
: a system of paying for goods or services in installments
More from Merriam-Webster on installment plan
Thesaurus: All synonyms and antonyms for installment plan
Britannica.com: Encyclopedia article about installment plan
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