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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
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
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Word History
First Known Use
1876, in the meaning defined above
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
Thesaurus: All synonyms and antonyms for installment plan
Britannica.com: Encyclopedia article about installment plan
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