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If interest is involved, essentially yes.
Your mom is the instalment of something that i have no idea what it is.
advantages of installment buying
the difference between installment credit and open ended credit is they are the same..
installment credit
Margin is only offer on purchase of securities.
If interest is involved, essentially yes.
The installment plans of the 1920s were pretty much the same as any other installment plans. Installment plans are credit systems where payment for merchandise/items is made in installments over a pre-approved period of time. In the 1920s, the items people could purchase with an installment plan included: automobiles, automobile parts, household appliances, radios, phonographs, pianos, and furniture.
Buying on the 'installment plan' is probably the oldest concept, pre- credit card.
Your mom is the instalment of something that i have no idea what it is.
retail buying on installment of credit
advantages of installment buying
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.
the difference between installment credit and open ended credit is they are the same..
In the 1920s the most popular way to purchase expensive goods was through installment plans. Allowing people to purchase things through installment plans helped to fuel consumerism.
Advertising ( credit and installment buying")
Installment buying allowed people to own products before they had paied them off.