installment plan

noun

: a system of paying for goods by installments

Examples of installment plan in a Sentence

We used an installment plan to buy the furniture. We bought it on the installment plan.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The American dream is buying a set of steak knives on an installment plan at three in the morning. John Devore, Rolling Stone, 25 Mar. 2025 Another social media user pointed out potential personal finance issues in making installment plans for a food delivery order. Thomas G. Moukawsher, Newsweek, 21 Mar. 2025 The end of the world is usually dramatized as convulsive and feverish, but population loss is an apocalypse on an installment plan. Gideon Lewis-Kraus, The New Yorker, 24 Feb. 2025 Specifically, 55% of phone buyers in the US – including those who purchase flip phones and basic mobile phones – purchase their device through an installment plan, the firm’s data indicated. Lisa Eadicicco, CNN, 7 Feb. 2025 See All Example Sentences for installment plan

Word History

First Known Use

1876, in the meaning defined above

Time Traveler
The first known use of installment plan was in 1876

Cite this Entry

“Installment plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/installment%20plan. Accessed 30 Mar. 2025.

Kids Definition

installment plan

noun
: a system of paying for goods or services in installments

More from Merriam-Webster on installment plan

Last Updated: - Updated example sentences
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