- *lease agreement in which a *lessee takes ownership of a leased *asset after a specified number of payments. Installment credit is a common means of financing the sale of *consumer goods.
Auditor's dictionary. 2014.
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Installment credit — is a type of credit that has a fixed number of payments, in contrast to revolving credit. Examples* Land loan * Home construction loan * Home mortgage * Some equity loans * Home improvement loan * Automobile loan * Boat loans or RV loans… … Wikipedia
installment credit — ▪ finance also called Installment Plan, or Hire purchase Plan, in business, credit that is granted on condition of its repayment at regular intervals, or installments, over a specified period of time until paid in full. Installment… … Universalium
installment credit — noun a loan repaid with interest in equal periodic payments • Syn: ↑installment loan • Hypernyms: ↑consumer credit, ↑loan … Useful english dictionary
installment credit — (U.K.) Fin = installment loan … The ultimate business dictionary
installment credit — Commercial arrangement in which buyer undertakes to pay in more than one payment and seller agrees to sell on such basis and in which a finance charge may be exacted. Such agreements are commonly subject to statutory disclosure regulation; e.g.… … Black's law dictionary
installment plan — Synonyms and related words: acquitment, acquittal, acquittance, amortization, amortizement, bank credit, binder, book credit, borrowing, borrowing power, cash, cash credit, cash payment, clearance, commercial credit, consumer credit, credit,… … Moby Thesaurus
Credit (finance) — Domestic credit to private sector in 2005 … Wikipedia
installment sale — Commercial arrangement by which buyer makes initial down payment and signs a contract for payment of the balance in installments over a period of time. In accounting for such sales, the seller may either account for the profits on basis of each… … Black's law dictionary
credit rating — Synonyms and related words: bank credit, book credit, borrowing power, cash credit, commercial credit, consumer credit, credit, credit insurance, credit union, financial condition, hire purchase plan, installment credit, installment plan,… … Moby Thesaurus
credit union — Synonyms and related words: Bund, Rochdale cooperative, alliance, assemblage, association, axis, band, bank, bank credit, bloc, body, book credit, borrowing power, cash credit, coalition, college, combination, combine, commercial credit, common… … Moby Thesaurus