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
BioLite is bringing its backup power solution to consumers through a Kickstarter crowdfunding campaign that launches today, with discounts for early backers or those who opt to put down a deposit and pay in full through an installment plan later.
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Andrew Liszewski, The Verge, 18 Sep. 2024
Struggles with refunds through BNPL Returns and billing disputes have been particular pain points for shoppers using the installment plans.
—Alina Selyukh, NPR, 22 May 2024
The Ascend program offers an installment plan pay structure for students—but don’t let the cost alone dictate its effectiveness.
—Hilary Tetenbaum, USA TODAY, 27 Mar. 2024
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
See all Example Sentences for installment plan 
Andrew Liszewski, The Verge, 18 Sep. 2024
Struggles with refunds through BNPL Returns and billing disputes have been particular pain points for shoppers using the installment plans.
—Alina Selyukh, NPR, 22 May 2024
The Ascend program offers an installment plan pay structure for students—but don’t let the cost alone dictate its effectiveness.
—Hilary Tetenbaum, USA TODAY, 27 Mar. 2024
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
See all Example Sentences for installment plan
Thesaurus Entries Near installment plan
Cite this Entry
“Installment plan.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/installment%20plan. Accessed 3 Dec. 2024.
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