installment buying

1. Purchasing a commodity over a period of time. The buyer gains the use of the commodity immediately and then pays for it in periodic payments called installments.

Example Sentences

The sewing machine became the first widely advertised consumer appliance, pioneered installment buying and patent pooling, and revolutionized the ready-made clothing industry.

From Project Gutenberg

It is for them to provide facilities for the transaction of business, cash money, credit instruments, installment buying, means for changing money, insurance, discounting facilities.

From Project Gutenberg

We must discourage installment buying, and encourage paying off debts and mortgages.

From Project Gutenberg

Related Words

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• mortgage
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