What is the meaning of Installment credit?

Installment credit is a type of credit in which the monthly payment is the same every month and the loan has a set time period. The most common forms of installment credit are mortgages and car loans.

4
 
|15 years ago|335 views|share |citing 
APABarry Goldsmith. (2010). installment credit. Retrieved September 28, 2026, from http://smartdefine.org/installment_credit/definitions/1156132
ChicagoBarry Goldsmith. 2010. "installment credit" http://smartdefine.org/installment_credit/definitions/1156132 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, installment credit, Smart Define, viewed 28 September, 2026, <http://smartdefine.org/installment_credit/definitions/1156132>.
MLABarry Goldsmith. "installment credit" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/installment_credit/definitions/1156132>
{ class="autoclick" }next definition (/)