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installment plan

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.02 sec.
installment plan (esp Canadian), instalment plan
US and Canadian a system for purchasing merchandise, such as cars or furniture, in which the buyer takes possession of the merchandise on payment of a deposit and completes the purchase by paying a series of regular instalments while the seller retains ownership until the final instalment is paid


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I give'm fifty down, and the rest installment plan, ten dollars a month.
They went clothed in steel and equipped with sword and lance and battle-axe, and if they couldn't persuade a person to try a sewing-machine on the installment plan, or a melodeon, or a barbed-wire fence, or a prohibition journal, or any of the other thousand and one things they canvassed for, they removed him and passed on.
There he settled down with his young wife and began buying a house on the installment plan.
 
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