Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun banking, finance A
loan that isrepaid over time with a set number of regularly scheduledpayments . Amortgage , for example may be considered a type of installment loan.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a loan repaid with interest in equal periodic payments
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