Entry from British & World English dictionary
Definition of instalment credit in English:
Credit for a fixed sum to be repaid in instalments, e.g. for hire purchase.
- He invented the basic tools of modern marketing, including market research and market analysis, pricing policies, parts and service supply to the customer, and instalment credit.
- There was a decidedly speculative element in the growth of instalment credit: present consumption was being financed with anticipated earnings.
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