installment debt

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  • noun

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debt to be paid by installments

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In addition, in common personal finance parlance, installment debt is more likely to be good debt while revolving debt is more likely to be bad debt.2 Installment loans such as mortgages and student loans often finance appreciating assets (a house or earning potential) or long-lived assets (such as a car or furniture), while credit cards and other forms of revolving credit often finance depreciating assets or consumables.
Indicators for unemployment spells in both waves of the survey are also included, as are changes in family income, changes in home equity and changes in net worth between 2007 and 2009, total level of household debt in 2007, and indicators for saving any amount in 2007, presence of noneducation installment debt, presence of credit card debt, and owning any stocks in 2007.
"When someone takes on additional installment debt in their late working years or early retirement, they have less money available for retirement savings and monthly expenses which makes it harder to save enough to eventually replace their income." (See Video)
In addition, the rules result in distinctions that are arbitrary and unjustified (as illustrated by Example 2), and they are needlessly complex (in particular, as applied to installment debt, as illustrated by Example 3 and Table 1).
Revolving debt, such as credit cards, is considered riskier because of the likelihood of getting behind in payments than installment debt, such as mortgages and auto loans.
Although its interest-bearing debt including lease liabilities and installment debt is expected to slightly increase as it plans to make capital investments in rental TVs for terrestrial digital broadcasting by the end of the fiscal year ending 31 March 2011, a deterioration
Part of this increase helped raise average growth even into 2009 because of the cost of living allowance's continued effect during 1Q09.Consumer and installment debt, which represents the bulk of household debt, grew 10.5% in 2009, stronger than its 2008 performance.
The installment debt obligation involves both a risk premium and market interest.
At the other extreme, only one-fourth of the Germans approve of it, and only one out of ten actually has any installment debt." (1) Well before the massive proliferation of credit cards that began in the late 1960s, consumer credit had become an integral part of modern consumer economies, albeit on one side of the Atlantic much more so than on the other.
Total debt repayment (mortgage loans, home equity loans, credit card or installment debt) should not exceed 38% of income.
If you're paying interest on credit cards and installment debt, you're paying a lot more than retail price for your purchases.
In terms of financial factors, students, on average, held less than $1,000 in automobile loan debt and no installment debt. The average housing cost reported by respondents was between $300 and $599 monthly.
With respect to the types of debt held, there has been a shift away from installment debt and towards credit card and mortgage debt, especially since 1992 and more so for constrained households.
Low interest rates are allowing households to replace high-cost installment debt with cheaper, tax-advantaged mortgage debt.
Consumers who engaged in search for credit information, selected years, 1977-2001 Percent Item 1977 1981 1994 1997 2001 Tried to obtain information (1) 26 26 37 33 25 Kind of information sought (percentage of those who sought information) Interest rates 73 83 81 88 85 Fees and charges 12 30 16 14 25 Able to obtain information sought (percentage of those who sought information) 91 96 95 88 91 (1.) For 1977, percentage of families with closed-end installment debt outstanding; for 1981, 1994, and 1997, percentage of families that had incurred closed-end installment debt in the past year; for 2001, percentage of holders of bank-type credit cards who had acquired a new card in the previous year.