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installment plan
in·stall·ment plan (plural in·stall·ment plans)


noun 
Definition:
 
credit system: a system for buying merchandise involving a series of payments at regular intervals instead of a single lump sum.
See also  hire purchase
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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