Installments Loan Definition What Are Monthly Payments

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Installment payments financial definition of Installment ...
Installment payments Distribution of plan assets to beneficiaries based upon a regular schedule. Installment Payments A series of payments that a buyer makes instead of a lump sum to compensate the seller. Installment payments often, but do not always, include interest to pay the seller for accepting the credit risk that the buyer will not make payments ...
Installment | Define Installment at Dictionary.com
Installment definition, 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. See more.
What Is an Installment Loan? | Credit.com
Like we mentioned earlier, with an installment loan, you agree to pay a fixed monthly payment over the length of the loan term. So, for example, if you borrow $10,000 for a five-year period at a 6% interest rate, you would pay $193.33 a month for 60 months (or installments).

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