Installment Debt

What Does Installment Debt Mean?
Debt issued with the condition of regularly occurring intervals for payment by the debtor, until the principal and interest are paid in full.

Investopedia explains Installment Debt
Generally, this type of debt provides for financing the larger items that corporations and individuals don't have the necessary cash available to purchase.

Related Terms

Debt
Debtor
Installment Sale
Interest
Line of Credit
Principal
Rental Pool
Unstated Interest Paid
More Related Terms

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