noninstalment

(redirected from noninstallment)

noninstalment

or

noninstallment

adj
(Banking & Finance) (of a loan) not payable in instalments
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
In addition, credit type (e.g., installment credit such as real estate loans versus noninstallment credit) is also an important factor that should be considered when making lending decisions (Chien & DeVaney, 2001).
* Noninstallment credit requires consumers to pay their balance in full every month.
= Long-term corporate debt + Total individual and noncorporate debt - Farm production loans - Noninstallment consumer credit outstanding.
Also, there is little research that considers both installment and noninstallment credit.
(2) Outstanding loans for mobile homes, education, boats, trailers, vacations, etc., plus noninstallment credit.
One portion of this survey gathered data on the "most common" rate on small, short-term, noninstallment business loans.
2 There is also noninstallment consumer credit, which consists mostly of short-term credit such as charge card balances that need to be paid in full within the billing cycle.
Since 1980, private debt, including installment credit, noninstallment debt and home mortgages, has almost doubled.
Survey results also showed that there was not a strong relationship between mean total consumer debt outstanding (installment and noninstallment) and net worth.
Consumer debt has two components: consumer installment credit, which covers most nonmortgage loans to consumers repayable in two or more payments, including automobile loans, credit card debt, personal cash loans, and sales finance contracts; and noninstallment consumer credit, mostly very short term credit such as bridge loans sometimes used to facilitate real estate or other transactions.
While standard definitions exist for installment and noninstallment debt, the treatment of debt by government data bases at the macro level has led to inconsistencies when terms are used in developing household analysis (Toal 1986).
Consumer debt has two subcategories: installment (repayable in two or more payments) and noninstallment debt, with the installment component accounting for 90 percent of the total.