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Definition of Installment loan
1. Noun. A loan repaid with interest in equal periodic payments.
Definition of Installment loan
1. Noun. (banking finance) A loan that is repaid over time with a set number of regularly scheduled payments. A mortgage, for example may be considered a type of installment loan. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Installment Loan
Literary usage of Installment loan
Below you will find example usage of this term as found in modern and/or classical literature:
1. Personal Finance by Robert S. Rosefsky (2001)
"Refinancing an installment loan Having the money to pay off an ... Increasing an
installment loan You may want to borrow more money on your credit line. ..."
2. Biennial Report by California Dept. of Industrial Relations. Division of Labor Statistics and Law Enforcement, California Bureau of Labor Statistics (1890)
"MR. THOMPSON: Yes; if you made that arrangement with them, of course. It is the
difference between an installment loan and a flat loan; by installments you ..."
3. OECD Economics Glossary: English-French = Glossaire de L'économie de L'OCDE by Oecd (2006)
"... DEV] inactive loan prêt in actif [FIN] index-linked loan syn. indexed loan
prêt indexé [BANJ installment loan prêt à remboursements échelonnés [BAN] ..."
4. War Borrowing: A Study of Treasury Certificates of Indebtedness of the by Jacob Harry Hollander (1919)
"It thus appears that an installment loan, as compared with certificate borrowing,
would be as effective and probably more economical in supplying the ..."
5. IRS Restructuring: Congressional Hearings edited by William V. Roth, Jr. (1999)
"In general, the combined rate of interest and penalty charged by the government
should be greater than that for a commercial installment loan, a mortgage, ..."
6. The Changing Shape of Retail Banking: Responding to Customer Needs (1993)
"For Florida National it is really a hybrid of a commercial loan, an installment
loan and a real estate loan. Customers accept the new product well, ..."
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