Installment Buying (Noun)
Meaning
A system for paying for goods by installments.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company offered installment buying options to customers who couldn't afford to pay the full price upfront.
- Many consumers rely on installment buying to purchase big-ticket items like cars and electronics.
- The store's installment buying plan allowed customers to pay for their purchases over several months.
- Installment buying has become increasingly popular in recent years, especially among younger consumers.
- The credit card company's installment buying program offered customers a convenient way to pay for online purchases.