An instalment plan is paying for something in regular parts over time. Buy on an instalment plan, a twelve-month instalment plan.
It makes a large price feel small, which is the point and the danger. An instalment plan with no interest is still a debt, and missing one can be reported.
1nouninstalment planPaying for something in regular parts over time.
“The sofa went on a two-year instalment plan at no interest.”
instalment plan is an arrangement.
Practised in Shopping & Money