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You can repay back loans in "X" amount of days. You don't have to repay the loan right away. This is the same with credit.
Wiki User
∙ 11y ago
Wiki User
∙ 10y agoThe official definition for the term installment buying is "a system for paying for goods by installments."
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What are the advantages of buying something on an installment plan?
advantages of installment buying
How did installment buying contribute to the consumers revolution?
Installment buying allowed people to own products before they had paied them off.
How can installment buying help cause depression?
Installment buying helps cause depression, because, it encourages one to do impulse buying, which can become a burden in repaying , causing depression.
A new way of buying called allowed Americans to take products home and pay a little at a time?
Buying on the 'installment plan' is probably the oldest concept, pre- credit card.
Installment buying is a good idea?
yes,
How is buying on margin similar to buying on an installment plan?
Margin is only offer on purchase of securities.
Buying stock on margin and buying on the installment plan are similar in that both?
They are both forms of borrowing.
How is buying on margin similar to buying on an installment plans?
Margin is only offer on purchase of securities.
How is buying on margin similar to buying an installment plan?
Margin is only offer on purchase of securities.
How did consumer installment buying affect the Great Depression?
cats
What is it called when buying something by paying a little each month instead of all at once?
installment buying
Is credit and installment buying the same?
If interest is involved, essentially yes.
