installment contract

Definition of "installment contract"
  1. An accord where obligations such as payments of money, delivery of goods or performance of services are fulfilled over a series of sequenced dates or specific events
How to use "installment contract" in a sentence
  1. She purchased the car through an installment contract, paying a fixed amount each month.
  2. The distribution of goods was arranged via an installment contract, with deliveries set at regular intervals.
  3. They engaged a landscaping service under an installment contract to transform their property over a year.

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