installment credit
- noun
- /ɪnˈstɔlmənt ˈkrɛdɪt/
- Specialized
:
crédito a plazos
- She applied for installment credit to purchase a laptop, so she could pay it off over time instead of all at once.
- consumer installment credit
Examples
-
This manifested in a rapid rise in installment credit, stock purchases on margin, a tripling in mortgage debt, and so on.
Blog text (34) -
Therefore, prohibiting the use of an SID as a condition for the installment credit agreement ensures the lender gives credit to the borrower commensurate with the borrower's ability to pay.
Academic text (2016) -
Many people prefer installment credit because it allows them to repay their loans in manageable monthly payments.
-
After considering his budget, he decided that installment credit was the best option for buying the new appliances.
Synonyms
1
3.9
A loan you repay with regular equal payments over time
Antonyms
- Specialized
16
3.7
A single large payment that you get all at once instead of in smaller parts
How Flexible
Surface Forms
Morphology
The meaning is directly compositional: 'installment' (a scheduled partial payment) modifies 'credit' (a loan/financial arrangement), so the phrase denotes credit repaid in scheduled installments. While somewhat technical, the noun+noun modifier pattern is regular and cross-linguistically common, so a B1 learner who knows both constituents should be able to infer the meaning.
Etymology
Installment credit comes from a simple image: you buy something with borrowed money and pay it back in small, regular parts. The word installment is the small part you pay each time and credit is the money you borrow, so the phrase means a 'loan' repaid in equal 'payments' over time.