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.
For editors and proofreaders
Line breaks: in|stal|ment credit
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.