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.
Revenue for the medical patient-financing industry was $15.3 billion in 2023, according to a report by the research firm IBISWorld, which found that as health care becomes less affordable due to rising premiums and insurance gaps, more patients are turning to medical loans or installment plans. Alana Semuels, TIME, 14 Jan. 2025 Currently, more than 50% of sales on our marketplace are made using installment plans. Nikolay Seleznev, Forbes, 19 Dec. 2024 Potentially Flexible Repayment Options: Some payday lenders offer options like installment plans or extensions for borrowers struggling to meet repayment deadlines. True Tamplin, Forbes, 27 Nov. 2024 The research also showed that 65 percent of Gen Z decide to use a credit card installment plan before checkout. Arthur Zaczkiewicz, WWD, 25 Nov. 2024 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

Dictionary Entries Near installment plan

Cite this Entry

“Installment plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/installment%20plan. Accessed 18 Jan. 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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