instalment plan
noun[C]
UK(USinstallment plan)ukusCOMMERCE
amethodofpayingfor something in which apersonpayspartof thecostimmediatelyand then makesregularpaymentsuntil thedebtiscompletelypaid:
Anotheroptionisworkingout aninstallmentplantopaytaxesovertime.
See also
hire purchase