| Lexeme: |
installment billing
Very Rare (0.01)
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| Definition: |
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noun. Installment billing refers to a payment method where a large purchase or a bill is divided into smaller, more manageable installments or payments. These installments are typically spread out over a specified period of time, such as monthly or quarterly, until the total amount owed is paid off. The installment amount typically includes a portion of the principal amount owed as well as any applicable interest or fees. This method of payment allows individuals or businesses to make larger purchases or pay bills over time, rather than having to pay the full amount upfront. GPT3.5
Word Forms:
- noun.
installment bill (singular),
installment bills (plural)
- verb.
installment bill (simple present),
installment billed (simple past),
installment billing (present continuous),
installment bills (third person singular)
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