installment rate

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Definitions from WordNet

Noun installment rate has 1 sense

payment rate, rate of payment, repayment rate, installment rate - the amount of money paid out per unit time
--₁ is a kind of rate, charge per unit

Definitions from the Web

Installment Rate

Definition: The percentage or ratio used to determine the portion of an unpaid balance that will be paid in regular intervals or installments.

Sample sentences:

Be sure to check the installment rate before making a purchase using a loan.
The installment rate for the car loan is 5% per month.
By knowing the installment rate, you can calculate the total interest you will pay over time.

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