An installment plan is a payment option. It allows a debtor to fulfill a financial obligation by making small payments over an extended period of time. In some cases, people become indebted knowing that they will use installment plans. Other people use this payment method because they unknowingly accrue debt that exceeds what they are able to pay. In most cases, doing so results in a larger bill.
Installment, when used in a financial sense, is a word that means payment. This is why an installment plan is often referred to as a payment plan. There are some instances when people go into debt knowing that an installment plan will be used for settlement. For example, a person may order an item that is advertised as being available for six monthly payments.
In other cases, satisfying debt by way of payments is necessary because a person accrues debt and then realizes that he or she cannot pay it. A good example of this is an American tax bill. The Internal Revenue Service (IRS) may conduct an auditand find that a person has not paid sufficient income tax. Since many people are unable to pay such bills in full, the IRS has a monthly installment program that allows individuals to settle their obligations over time.
This type of debt settlement option is referred to as a plan because it is usually very structured. The amount of eachinstallment is usually set. Generally, the number of payments that need to be made is determined by the amount of time that the creditor will allow the bill to be outstanding. This allows for the determination of how much each payment should be. For example, if a creditor will allow five months for the settlement of a $100 US Dollars (USD) debt, then the installments should be $20 each.
The day of the month that the payment should be remitted is usually set. The manner in which the payment is made is also commonly predetermined. Sometimes an installment plan is only presented as an option when there is a source from which the payments can be directly drawn, such as a credit card or bank account.
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By 442 B.C.E. the play "Antigone" was written, and then by 429 B.C.E. the play "Oedipus Rex" was written.Specifically, the plays are part of the tragic story of Theban King Oedipus made famous by Sophocles (c. 496 B.C.E. - c. 406 B.C.E.). In terms of the myth's unfolding, "Oedipus Rex" represents the first installment of the story. The second installment is contained in "Oedipus at Colonus," which was written shortly before the ancient Greek playwright's death. The third installment, which was released first, is "Antigone."
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Monthly installment plan
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The cast of The Installment Plan - 1917 includes: Victor Moore
The cast of The Installment Plan - 1920 includes: Milburn Morante
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The cast of The Installment Plan Marriage - 1913 includes: Joseph Belmont as The Husband Lillian Hines as Lillie - the Wife
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Isaac Singer
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Isaac Singer
Isaac Singer