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Definitions from WordNet

Definitions from the Web

Installment Debt

Noun: Installment debt refers to a type of loan or credit that is repaid in regular, fixed payments over a specific period of time.

Example Sentence 1: She decided to purchase a new car, and she took on installment debt to finance it.

Example Sentence 2: The monthly payments for her installment debt were manageable and fit within her budget.

Adjective: Installment debt describes any outstanding debt that is being repaid in installments.

Example Sentence 1: Her installment debt payments were a significant portion of her monthly expenses.

Example Sentence 2: He struggled to keep up with his installment debt obligations due to unforeseen financial difficulties.

Related Products on Amazon:

1. Installment Debt Payment Calculator
2. Managing Installment Debt: Strategies for Financial Success