Installment payments

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.
References in periodicals archive ?
In Brazil, an early-adopter of installment payments, approximately 50 percent of all credit payment volume is already on installments.
The principal installment payments are subject to reduction in any month by any amounts converted by the Investor into the company's Class A common stock.
UATP has announced it has collaborated with Uplift to provide installment payments for travelers, the company said.
Customers seeking to buy cars from the automaker will be able to use cards issued by BC for monthly installment payments.
The PSFJA revenue bonds are a limited obligation of the authority payable from installment payments made by the county equal to debt service on the bonds.
In enacting and implementing the Maceda Law, the government seeks to protect buyers of real estate on installment payments against onerous and oppressive conditions.
Following each late installment payment, State Farm mailed Starr-Haller a "Reinstatement Notice." Those notices stated again that, because Starr-Haller had made her installment payments after the relevant Cancel Dates, "there [wa]s no coverage between the date and time of Cancellation and the date and time of Reinstatement."
Almonty has so far made installment payments to date of EUR 1.4m (USD 1.59m) for the 51% ownership interest).
We are proud to announce our tie-up with FGB, allowing customers to settle cargo services in easy installment payments using their FGB credit cards, LBC Vice President for the Middle East Mark Agalo-os said.
Topsnik received the down payment and monthly installment payments as planned, with the buyers making the final monthly installment payment on Sept.
PayItSimple enables both ecommerce and brick & mortar merchants to offer interest-free monthly installment payments to their customers at the point of sale.
Installment payments during the same period totaled TL 8.4 million, down from last year's TL 10.6 million.