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WordNet-Online
Definitions from WordNet
Noun installment plan has 1 sense
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Definitions from the WebInstallment PlanDefinition:An installment plan refers to a system where a buyer pays for a product or service in regular, fixed amounts over a specified period of time, usually with interest charges applied. It is commonly used to make expensive purchases more affordable by dividing the total cost into manageable installments. Senses and Usages:Noun1. An arrangement for purchasing: Example sentence: She bought the new laptop through an installment plan to avoid paying a large sum upfront. 2. Financial agreement: Example sentence: The store offers easy installment plans for customers who cannot afford to pay the full amount at once. Related Products: | ||||
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