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instalment credit

Line breaks: in|stal|ment credit

Definition of instalment credit in English:

noun

[mass noun]
Credit for a fixed sum to be repaid in instalments, e.g. for hire purchase.
Example sentences
  • 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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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words