installment credit

1. 1.

   a loan repaid with interest in equal periodic payments

   Synonymsinstallment loan

   Broaderconsumer creditloan

Questions about installment credit

What does installment credit mean?

installment credit means "a loan repaid with interest in equal periodic payments".

What is another word for installment credit?

Close synonyms include installment loan. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is installment credit a common word?

installment credit is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.