"Installment payments" refer to dividing a larger sum of money into smaller, regular payments made over a specific period. It allows people to pay for something gradually rather than paying the entire amount all at once. Full definition
And if you're on a tight budget, you can opt for a three - installment payment plan for any of the three options. (drive-safely.net)
Personal loans feature fixed monthly installment payments with a scheduled expiration. (growingfamilybenefits.com)
AAA allows provides easy payment options for AAA members — you can even choose to make easy monthly installment payments for your extended warranty plan. (autos.com)