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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Example Sentences
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Recent Examples of installment plan
Taxpayers often have opportunities to negotiate repayment arrangements or installment plans to avoid immediate refund loss.
—
Ross Rosenfeld, Newsweek, 25 Feb. 2025
Consumers can access Affirm’s biweekly and monthly installment plans and have the money automatically deducted from their checking account.
—Mackenzie Sigalos, CNBC, 11 Feb. 2025
How refunds were applied hurt some, too The CFPB elaborated on the complaints and concerns relating to refund practices for card holders with monthly installment plans.
—Susan Tompor, Detroit Free Press, 23 Oct. 2024
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
See All Example Sentences for installment plan
Ross Rosenfeld, Newsweek, 25 Feb. 2025
Consumers can access Affirm’s biweekly and monthly installment plans and have the money automatically deducted from their checking account.
—Mackenzie Sigalos, CNBC, 11 Feb. 2025
How refunds were applied hurt some, too The CFPB elaborated on the complaints and concerns relating to refund practices for card holders with monthly installment plans.
—Susan Tompor, Detroit Free Press, 23 Oct. 2024
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
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 Apr. 2025.
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