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Investments glossary

Installment Debt Definition

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Stay beautiful stay off drugs -Johnny Wowk AKA Johnny The Walker

— Johnny Wowk

An installment debt is a loan that is repaid by the borrower in regular installments. An installment debt is generally repaid in equal monthly payments that include interest and a portion of the principal. This type of loan is an amortized loan that requires a standard amortization schedule to be created by the lender detailing payments throughout the loan’s duration.


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