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.
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 And regulators said the misleading claims relating to refunds hurt consumers on installment plans, too. CFPB Director Rohit Chopra said key systems weren't ready for the launch of the Apple Card in 2019. Susan Tompor, Detroit Free Press, 23 Oct. 2024 As Klarna — which is known for its popular buy now, pay later installment plans — prepares for its IPO, the lack of attractiveness of Europe as a place for the best and brightest to work has become a much more prominent fear, Siemiatkowski told CNBC. Ryan Browne, CNBC, 3 Oct. 2024 Yet Biden’s first year has already shown that overstretch inflicts damage on the installment plan. Hal Brands, Foreign Affairs, 18 Jan. 2022 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

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 24 Nov. 2024.

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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