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installment loan

   Also found in: Wikipedia 0.04 sec.
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Noun1.installment loan - a loan repaid with interest in equal periodic payments
installment credit
consumer credit - a line of credit extended for personal or household use
loan - the temporary provision of money (usually at interest)
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Most customers of a bank, he said, would have to sign up for an installment loan in which they would have to start paying immediately.
DOLE TO LEND GINGRICH $300,000 TO PAY FINE : GINGRICH'S LOAN TERMS by Daily News (Los Angeles, CA)
Credit life insurance is typically purchased to pay off part or all of an installment loan in the event the purchaser dies.
Credit life insurance serves critical need by Implement & Tractor
A more accurate term is actually "municipal installment purchase agreement," since the transaction is not a true lease but is in fact an installment loan.
Municipal lease-purchase obligations: a different kind of tax-free ... by Fleming, Peter D. / Journal of Accountancy
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