"Installment accounts" refer to a type of borrowing in which a person takes out a loan or buys something on credit and agrees to repay it in a series of equal monthly payments over a specific period of time.
Full definition
Synonyms for individual words can be found below.
«installment»
«accounts»
Sentences with «installment accounts»
- Car loans, student loans, and home loans are examples of installment accounts. (mycreditscorereview.com)
- There are many types of credit a consumer can have including revolving credit accounts such as with credit cards and installment accounts like small personal loans. (creditrepair.org)
- When it comes to how to improve your spouse's credit, don't worry about paying installment accounts. (gocleancredit.com)
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