Monthly payment purchase defenition I'd like to know what's the one word definition of a payment type if I'm going to purchase a car for an example as monthly payment for five years.

A7med

Answers · 7

Can't think of just one word that replaces "monthly payment". That is the common way to say it. There is the word "installment" (to pay in installments) but it is not commonly used, at least in the US. Installments are not necessarily made monthly.

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