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Installment Payments
(redirected from Installment Payment)

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Installment payments
Distribution of plan assets to beneficiaries based upon a regular schedule.

Installment Payments
A series of payments that a buyer makes instead of a lump sum to compensate the seller. Installment payments often, but do not always, include interest to pay the seller for accepting the credit risk that the buyer will not make payments in a timely manner. Installment payments can have tax advantages for the seller. Most importantly, they make expensive goods and services available to buyers who would not otherwise be able to afford them. See also: Credit sale.


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It could only take credit card payments, and students with installment payment plans couldn't use it; they had to pay their bills manually with cashiers.
For individuals who file their return on a fiscal year basis, the due dates for the installment payments are the 15th day of the fourth, sixth, and ninth month of their fiscal year and the first month of the following fiscal year.
Debtors who are in financial difficulty have been given a special installment payment option for payments over the next year.
 
 
 
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