Definitions for "installment loan"
A loan that is repaid with a fixed number of periodic equal-sized payments.
A type of loan in which borrower(s) make regular periodic payments for the life of the loan.
A loan that a person promises to pay back in fixed, scheduled payments over a specified period of time. Interest is paid in addition to the original amount borrowed. Examples of installment loans include student loans, personal, and auto loans.
a convenient and affordable way to pay for almost anything
Keywords:  annuity, arrangement, form, called
a form of an arrangement called an annuity
Keywords:  institution