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installment loan
IMF. prêt à remboursements échelonnés; crédit à tempérament; prêt à tempérament
 English thesaurus
installment loan
fin. a loan that is repaid with a fixed number of periodic equal-sized payments (It is the most common method of amortizing an interest-bearing loan. Each payment pays the interest on the outstanding balance and also repays a part of the principal. Over the term of the loan, as the outstanding balance decreases, the interest portion of each payment decreases and the principal portion increases. This shifting distribution is shown in an amortization schedule.)