Purchasing a commodity over a period of time. The buyer gains the use of the commodity immediately and then pays for it in periodic payments called installments.
noun 1. a system for paying for an item in fixed amounts at specified intervals. noun 1. (US & Canadian) a system for purchasing merchandise, such as cars or furniture, in which the buyer takes possession of the merchandise on payment of a deposit and completes the purchase by paying a series of regular instalments […]
[in-stawl-muh nt] /ɪnˈstɔl mənt/ noun 1. any of several parts into which a debt or other sum payable is divided for payment at successive fixed times: to pay for furniture in monthly installments. 2. a single portion of something furnished or issued by parts at successive times: a magazine serial in six installments. [in-stawl-muh nt] […]
[in-stuh-mat-ik] /ˌɪn stəˈmæt ɪk/ Trademark. 1. a brand name for a pocket-size, fixed-focus, snapshot camera. 1962, proprietary name (reg. Eastman Kodak Co., Rochester, N.Y.) for a type of self-loading camera, from instant + automatic.
[in-stuh ns] /ˈɪn stəns/ noun 1. a case or occurrence of anything: fresh instances of oppression. 2. an example put forth in proof or illustration: to cite a few instances. 3. Law. the institution and prosecution of a case. 4. Archaic. urgency in speech or action. 5. Obsolete. an impelling motive. verb (used with object), […]