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installment plan
(redirected from instalment plan)

    Also found in: Dictionary/thesaurus 0.01 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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It develops and supplies systems for finance companies, banks and vehicle fleet managers to help them manage credit instalment plans like loans, leases, mortgages and contract hire.
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