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installment buying

 
Economics Dictionary: installment buying

Purchasing a commodity over a period of time. The buyer gains the use of the commodity immediately and then pays for it in periodic payments called installments.

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WordNet: installment buying
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Note: click on a word meaning below to see its connections and related words.

The noun has one meaning:

Meaning #1: a system for paying for goods by installments
  Synonyms: installment plan, time plan


 
 
Learn More
installment buying and selling (in finance)
credit (in finance)
Great Depression (historical event, United States – in economics)

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Copyrights:

Economics Dictionary. The New Dictionary of Cultural Literacy, Third Edition Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin. All rights reserved.  Read more
WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more