Installment Payment

Installment Payment - An installment payment is a financial arrangement where a debtor repays a debt in equal, periodic payments over a specified period, often including interest or fees. These regular payments make it easier for individuals or businesses to manage their financial obligations while gradually reducing the outstanding debt.

Class Information

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Identification

Label (rdfs)
Installment Payment
Preferred Label
None
Alternative Labels
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Identifier
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Definition and Examples

Definition
An installment payment is a financial arrangement where a debtor repays a debt in equal, periodic payments over a specified period, often including interest or fees. These regular payments make it easier for individuals or businesses to manage their financial obligations while gradually reducing the outstanding debt.
Examples
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Translations

en-gb
Instalment Payment
pt-br
Pagamento parcelado
es-es
Pago a plazos
es-mx
Pago en cuotas
fr-fr
Paiement échelonné
de-de
Ratenzahlung
he-il
תשלום בתשלומים
hi-in
भुगतान का अंशदान
ja-jp
分割払い
zh-cn
分期付款

Class Relationships

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Additional Information

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Description
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Deprecated
False

Metadata

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