Generally, this type of debt provides for financing the larger items that corporations and individuals don't have the necessary cash available to purchase.
Investment dictionary. Academic. 2012.
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installment debt — noun debt to be paid by installments • Hypernyms: ↑debt … Useful english dictionary
debt — A sum of money due by certain and express agreement. A specified sum of money owing to one person from another, including not only obligation of debtor to pay but right of creditor to receive and enforce payment. State v. Ducey, 25 Ohio App.2d 50 … Black's law dictionary
installment — in·stall·ment n: one of the parts into which a debt is divided when payment is made at intervals installment adj Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. installment … Law dictionary
Installment Sales Method — Installment Sale MethodThe installment sale method is an alternative to the cash method vs accrual method debate of accounting. The installment sale method allows the taxpayer to defer the inclusion of income until the payments is made in cash or … Wikipedia
installment — in*stall ment, instalment in*stal ment, n. 1. The act of installing; installation. [1913 Webster] Take oaths from all kings and magistrates at their installment, to do impartial justice by law. Milton. [1913 Webster] 2. The seat in which one is… … The Collaborative International Dictionary of English
installment — installment1 [in stôl′mənt] n. [altered (infl. by INSTALL) < estallment < estall, to arrange payments for < OFr estaler, to stop, fix < estal, a halt, place < OHG stal: see STALL1] 1. any of the parts of a debt or other sum of… … English World 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
Installment Receipt — A debt or equity issuance in which the purchaser does not pay the full value of the issue up front. In the purchase of an installment receipt, an initial payment is made to the issuer at the time the issue closes; the remaining balance must be… … Investment dictionary
installment — Partial payment of a debt or collection of a receivable. Different portions of the same debt payable at different successive periods as agreed. Partial payments on account of a debt due. Kenney v. Los Feliz Inv. Co., 121 Cal.App. 378, 9 P.2d 225 … Black's law dictionary
installment — I. noun also instalment Date: 1589 installation 1 II. noun also instalment Etymology: alteration of earlier estallment payment by installment, from estall to arrange payments by installment, from Anglo French estaler, from estal station, stall,… … New Collegiate Dictionary