installment credit
- A credit granted with the understanding that it will be returned in multiple payments, generally scheduled at regular times, which is often used for large purchases like cars or appliances
- He managed to buy a new car using installment credit, making monthly payments over two years.
- The family purchased a new refrigerator on installment credit, repaying the cost over six months.
- The couple financed their wedding using installment credit and made payments over the course of five years.
Provide Feedback
