installment plan

noun

Synonyms of installment plannext
: a system of paying for goods by installments

Examples of installment plan in a Sentence

We used an installment plan to buy the furniture. We bought it on the installment plan.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Across Tehran, billboards now advertise installment plans to pay for basic goods. Arash Azizi, The Atlantic, 10 June 2026 Recent studies show that more people are leaning on BNPL installment plans to cover groceries and other everyday expenses, not just discretionary buys. Angelica Leicht, CBS News, 29 May 2026 Thirty-seven percent of lower-income Americans report using installment plans either frequently or occasionally, according to new Gallup polling. Morgan Chalfant, semafor.com, 18 May 2026 The installment plan scenario, though, raises the stakes considerably. Christer Holloman, Forbes.com, 19 Mar. 2026 See All Example Sentences for installment plan

Word History

First Known Use

1876, in the meaning defined above

Time Traveler
The first known use of installment plan was in 1876

Cite this Entry

“Installment plan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/installment%20plan. Accessed 5 Jul. 2026.

Kids Definition

installment plan

noun
: a system of paying for goods or services in installments

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