What is the meaning of installment loan?

Borrowed money that is repaid in equal payments, known as installments. A furniture loan is often paid for as an' installment loan'.

Barry Goldsmith
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APABarry Goldsmith. (2010). installment loan. Retrieved September 25, 2026, from http://smartdefine.org/installment_loan/definitions/1156134
ChicagoBarry Goldsmith. 2010. "installment loan" http://smartdefine.org/installment_loan/definitions/1156134 (accessed September 25, 2026).
HarvardBarry Goldsmith 2010, installment loan, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/installment_loan/definitions/1156134>.
MLABarry Goldsmith. "installment loan" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/installment_loan/definitions/1156134>
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