installment loan
installment loan · installment loans
A loan that is repaid over time with a set number of regularly scheduled payments, and…A loan that is repaid over time with a set number of regularly scheduled payments, and may or may not include a balloon payment.
Meaning
1 sensesA loan that is repaid over time with a set number of regularly scheduled payments, and may or may not include a balloon payment.
a loan repaid with interest in equal periodic payments
Translations
2 languagesForms
plural: installment loans| Singular | installment loan |
|---|---|
| Plural | installment loans |
regular
Synonyms
1 synonymsClose in meaning
- a loan repaid with interest in equal periodic payments:installment credit