as in trust
US
a way of paying for something by making a series of small payments over a long time
We used an installment plan to buy the furniture.
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Recent Examples of installment plan
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.
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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
Revenue for the medical patient-financing industry was $15.3 billion in 2023, according to a report by the research firm IBISWorld, which found that as health care becomes less affordable due to rising premiums and insurance gaps, more patients are turning to medical loans or installment plans.
—Bill Hardekopf, Forbes, 16 Jan. 2025
See All Example Sentences for installment plan
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
Revenue for the medical patient-financing industry was $15.3 billion in 2023, according to a report by the research firm IBISWorld, which found that as health care becomes less affordable due to rising premiums and insurance gaps, more patients are turning to medical loans or installment plans.
—Bill Hardekopf, Forbes, 16 Jan. 2025
See All Example Sentences for installment plan
Cite this Entry
“Installment plan.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/installment%20plan. Accessed 9 Mar. 2025.
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