Time Plan (Noun)
Meaning
A system for paying for goods by installments.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The store offered a time plan that allowed customers to buy now and pay for the item over the next 24 months.
- The consumer protection agency warned people about predatory time plans that charged extremely high interest rates.
- The company provided flexible time plans so that buyers could choose the payment term that worked best for them.
- The new furniture was expensive, but the retailer offered an interest-free time plan option for purchases above a certain amount.
- After losing her job, she had trouble making payments under the time plan and was forced to seek assistance from a debt counselor.