installment loan definition

  • noun:
    • A loan that's repaid in the long run with a group few on a regular basis planned repayments. A home loan, like could be considered a type of installment loan.
    • that loan paid back with interest in equal regular repayments

Related Sources

  • Definition for "installment loan"
    • A loan that's repaid in the long run…
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  • Hypernym for "installment loan"
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