Installment-loan Definition

noun

(banking, finance) A loan that is repaid over time with a set number of regularly scheduled payments. A mortgage, for example may be considered a type of installment loan.

Wiktionary
Synonyms:
  • installment credit

Other Word Forms of Installment-loan

Noun

Singular:
installment-loan
Plural:
installment-loans

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installment-loan

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