Installment Plan (Noun)
Meaning
A system for paying for goods by installments.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The furniture store offered an installment plan that allowed customers to pay for their purchases over six months.
- She signed up for an installment plan to pay off her new laptop, since she couldn't afford the full price upfront.
- The company provided an installment plan for customers who wanted to upgrade to the premium software version but couldn't pay the entire fee at once.
- To make the purchase more manageable, the store owner suggested setting up an installment plan for the young couple.
- After checking her budget, she decided to opt for the installment plan to pay for the new appliance, which would allow her to spread the cost over a year.