Payable in installments definition

Payable in installments means that payment is required or permitted by agreement to be made in more than four periodic payments, excluding a down payment. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment excluding the down payment, a transaction is “payable in installments”.
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Payable in installments means that payment is required or permitted by agreement to be made in:
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Payable in installments means that payment is required or permitted by agreement to be made in more than 4 periodic payments, excluding the down payment.
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Examples of Payable in installments in a sentence

  • Payable in installments" means that payment is required or permitted by agreement to be made in more than 4 periodic payments, excluding the down payment.[PL 1981, c.

  • Payable in installments" means that payment is required or permitted by agreement to be made in more than 4 periodic payments, excluding the down payment.[ 1981, c.

  • Payable in installments up to $20,000; initial payment of 50% after award of MOS, 2d year 25%, and 4th year 25%.

  • The payment plan is as follows;20% - Deposit.80%- Payable in installments for as long as 31 months from now.Completion period 15monthsMI VIDA - THIKA ROADNestled within a 47 acre mixed use development along Thika Highway, a short drive from Nairobi’s central business district and with easy access to Jomo Kenyatta International Airport, Mi Vida at Garden City is a perfect place to live, work and relax in effortless balance.

  • Payable in installments: (i) $1,190 per Unit payable on or before February 1, 2022; (ii) $1,580 per Unit (the “ Base Capital Contribution”) payable on or before February 1, 2023; and (iii) the Base Capital Contribution less an annual $10 per Unit reduction payable on or before February 1st in each of 2024 through 2030 inclusive (the final payment of $1,510 per Unit being payable on or before February 1, 2030).


More Definitions of Payable in installments

Payable in installments means that payment is required or permitted by written agreement to be made in more than four (4) installments not including a down payment.
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Payable in installments means that payment is required or
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Payable in installments means that payment is required or permitted by a written agreement in five (5) or more installments. If any periodic payment other than the down payment under an agreement requiring or permitting two (2) or more periodic payments is more than twice the amount of any other periodic payment, excluding the down payment, the consumer credit sale, consumer lease or consumer loan is "payable in installments";
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Payable in installments means that payment is
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Payable in installments means that payment is required or permitted by agreement to be made in: (a) Two or more periodic payments, excluding a down payment, with respect to a debt arising from a consumer credit sale pursuant to which a sales finance charge is made; (b) four or more periodic payments, excluding a down payment, with respect to a debt arising from a consumer credit sale pursuant to which no sales finance charge is made; or (c) two or more periodic payments with respect to a debt arising from a consumer loan. If any periodic payment other than the down payment under an agreement requiring or permitting two or more periodic payments is more than twice the amount of any other periodic payment, excluding the down payment, the consumer credit sale or consumer loan is "payable in installments".
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Payable in installments means that payment is required or permitted by agreement
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Payable in installments means that payment is required or per- mitted by agreement to be made in:
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