An arrangement for payment by instalments.
British term hire purchase
Example sentencesExamples
- All I can do with these preset bills is to take advantage of any discounts or instalment plans that come from paying by Direct Debit.
- NU believes many people who can't afford to commit a lump sum are not being sold instalment plans because, until now, such plans have not earned the middle man any commission.
- Apparently no mainstream publisher was interested in the ninth volume in his Legends of Ethshar series, so he is offering the book online on a sort of instalment plan.
- This ‘cash and carry system’ included the refusal to purchase any need with a personal cheque, on credit, or using any type of instalment plan.
- Failure to do so can lead to the instalment plan being withdrawn and recovery action being taken through the courts.