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.
| 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.
| 5min Related Video: installment buying |
| WordNet: installment buying |
The noun has one meaning:
Meaning #1:
a system for paying for goods by installments
Synonyms: installment plan, time plan
| 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 |
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