Installment buying allowed people to own products before they had paied them off.
advantages of installment buying
Installment buying helps cause depression, because, it encourages one to do impulse buying, which can become a burden in repaying , causing depression.
Buying on the 'installment plan' is probably the oldest concept, pre- credit card.
yes,
They are both forms of borrowing.
Margin is only offer on purchase of securities.
Margin is only offer on purchase of securities.
Margin is only offer on purchase of securities.
cats
installment buying
If interest is involved, essentially yes.
An individual buying securities on margin and buying merchandise on an installment plan have an important feature in common. The commonality is based on the fact that in each of these transactions, interest is charged and must be paid. Generally speaking, the interest is paid when buying on margin upon the sale of the securities. Buying on margin is usually a short term arrangement. With an installment plan, the interest is usually built into the monthly payments. These payments can be over an extended amount of time.