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time plan

time plan

5.3
A way to buy something by paying small amounts regularly
  • noun
translation icon : plan de pagos
  • He paid for the furniture on a time plan, spreading the cost over twelve months.

Examples

  • Many customers choose the time plan option when buying expensive appliances.

  • The store offers a time plan to make it easier for people to afford big purchases.

  • I signed up for a new time plan yesterday.

  • Have you considered a time plan for your new car?

  • He paid for the furniture on a time plan, spreading the cost over twelve months.

  • Many customers choose the time plan option when buying expensive appliances.

  • The store offers a time plan to make it easier for people to afford big purchases.

Synonyms

installment plan
vstime plan
  • US
4 3.2

A way to pay by making small payments over time

is the same system but uses another name for it
repayment schedule
vstime plan
  • Specialized
1 3.9

An agreed plan showing when and how much to pay back a loan

is for buying goods over time rather than repaying borrowed money
never-never
vstime plan
  • Archaic
1 8.8

To pay for something by small regular payments over time instead of paying all at once

uses a system term rather than calling it an arrangement
installment buying
vstime plan
  • US
3.1

A way to buy something by paying small amounts over time

focuses on the payment system rather than the act of purchase

Antonyms

lump sum
  • Specialized
16 3.7

A single large payment that you get all at once instead of in smaller parts

Money you give when you buy something

How Long

time plan
5.3
installment plan
  • US
4 3.2

Surface Forms

time plan singular
time plans plural

Morphology

time + plan

The literal combination of 'time' (a span) + 'plan' (a scheme or schedule) would lead learners to expect a timetable or schedule rather than a payment-by-installments system. The financial/installment meaning is specialized and not derivable from the constituent meanings, so a B1 learner who knows the parts would not predict this sense.

Etymology

Time plan comes from the image of a plan spread across time, like a calendar showing when each payment is due. That's why it means 'a way to pay for something by making regular payments over a period of time'.