instalment plan

instalment plan
instalment plan UK US UK (US installment plan) noun [C]
COMMERCE a method of paying for something in which a person pays part of the cost immediately and then makes regular payments until the debt is completely paid: »

Another option is working out an installment plan to pay taxes over time.

See also HIRE PURCHASE(Cf. ↑hire purchase)

Financial and business terms. 2012.

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Look at other dictionaries:

  • instalment plan — or installment plan noun (N American) Hire purchase • • • Main Entry: ↑instalment …   Useful english dictionary

  • instalment — n. (US installment) 1 a sum of money due as one of several usu. equal payments for something, spread over an agreed period of time. 2 any of several parts, esp. of a television or radio serial or a magazine story, published or shown in sequence… …   Useful english dictionary

  • instalment — (esp. BrE) (AmE usually installment) noun 1 regular payment ADJECTIVE ▪ fixed ▪ repayment is by fixed monthly instalments ▪ equal ▪ a loan repaid in equal annual instalments …   Collocations dictionary

  • instalment — [[t]ɪnstɔ͟ːlmənt[/t]] instalments (in AM, use installment) 1) N COUNT If you pay for something in instalments, you pay small sums of money at regular intervals over a period of time, rather than paying the whole amount at once. The first… …   English dictionary

  • plan — {{Roman}}I.{{/Roman}} noun 1 for future ADJECTIVE ▪ ambitious, audacious, grand, grandiose ▪ The government has ambitious plans for prison reform. ▪ future ▪ …   Collocations dictionary

  • Morris Plan bank — A bank of a particular type, organized and operating for the primary purpose of enabling wage earners of good character to obtain credit on an instalment basis. Morris Plan Co. v Currie (Sup App T) 161 NYS 292. A company which, while engaged in… …   Ballentine's law dictionary

  • Clifford D. Simak — Born August 3, 1904(1904 08 03) Millville, Wisconsin Died April 25, 1988(1988 04 25) (aged 83) Minneapolis, Minnesota Occupation Journalist, novelist, short story author …   Wikipedia

  • hire-purchase — noun installment plan we bought a car on the never never • Syn: ↑never never • Regions: ↑United Kingdom, ↑UK, ↑U.K., ↑Britain, ↑United Kingdom of Great Britain and Northern Ir …   Useful english dictionary

  • hire purchase — ▶ noun INSTALMENT PLAN, deferred payment, HP, credit, finance, easy terms; Brit. informal the never never. * * * noun [noncount] Brit : ↑installment plan They bought the furniture on hire purchase. * * * ˌhire ˈpurchase [hire purchase …   Useful english dictionary

  • Tugun Bypass — QLDRoad name=Tugun Bypass sign1=Qld M1.png description1=(Pacific Motorway) length=7 direction=North South from=Currumbin to=Tweed Heads via=TugunThe Tugun Bypass is 7.5 km long, bypassing through the suburb of Tugun on the Gold Coast, Australia.… …   Wikipedia

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