Meaning of the word: Installment
Installment is a payment, which debtor indicates regularly repaid to the lender. Regular installments are typically paid on a monthly basis, however, there are also lower loans which are repaid in weekly intervals. Installments must be repaid on time, otherwise, the debtor has the threat of sanctions.back to dictionary >
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The collection means debt collection. This expression is usually used to indicate auto-collection, which is useful payment instrument, when the…go to the dictionary >
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