installment credit
1Installment credit — is a type of credit that has a fixed number of payments, in contrast to revolving credit. Examples* Land loan * Home construction loan * Home mortgage * Some equity loans * Home improvement loan * Automobile loan * Boat loans or RV loans… …
2installment credit — ▪ finance also called Installment Plan, or Hire purchase Plan, in business, credit that is granted on condition of its repayment at regular intervals, or installments, over a specified period of time until paid in full. Installment… …
3installment credit — A *lease agreement in which a *lessee takes ownership of a leased *asset after a specified number of payments. Installment credit is a common means of financing the sale of *consumer goods …
4installment credit — noun a loan repaid with interest in equal periodic payments • Syn: ↑installment loan • Hypernyms: ↑consumer credit, ↑loan …
5installment credit — Commercial arrangement in which buyer undertakes to pay in more than one payment and seller agrees to sell on such basis and in which a finance charge may be exacted. Such agreements are commonly subject to statutory disclosure regulation; e.g.… …
6installment credit — Commercial arrangement in which buyer undertakes to pay in more than one payment and seller agrees to sell on such basis and in which a finance charge may be exacted. Such agreements are commonly subject to statutory disclosure regulation; e.g.… …
7installment plan — Synonyms and related words: acquitment, acquittal, acquittance, amortization, amortizement, bank credit, binder, book credit, borrowing, borrowing power, cash, cash credit, cash payment, clearance, commercial credit, consumer credit, credit,… …
8Credit (finance) — Domestic credit to private sector in 2005 …
9installment sale — Commercial arrangement by which buyer makes initial down payment and signs a contract for payment of the balance in installments over a period of time. In accounting for such sales, the seller may either account for the profits on basis of each… …
10installment sale — Commercial arrangement by which buyer makes initial down payment and signs a contract for payment of the balance in installments over a period of time. In accounting for such sales, the seller may either account for the profits on basis of each… …
