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.
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

Word History

First Known Use

1876, in the meaning defined above

Time Traveler
The first known use of installment plan was in 1876

Cite this Entry

“Installment plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/installment%20plan. Accessed 10 Mar. 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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