payment plan — A schedule for making payments over time, typically for a purchase or debt
Part of speech: NOUN
Definition: A schedule for making payments over time, typically for a purchase or debt
Pronunciation (IPA): /ˈpeɪmənt plæn/
Example Sentences
- My dentist offered a payment plan because my smile is worth more than my bank account!
- The company provides interest-free payment plans for students.
- I love payment plans - they make me feel rich until the bills arrive!
payment plan
NOUN[/ˈpeɪmənt plæn/]
A schedule for making payments over time, typically for a purchase or debt
A schedule for making payments over time, typically for a purchase or debt
From treatment plan to payment plan, all clear in the statement plan!
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🎤Pronunciation
🌳Etymology
Origin
Payment derives from Latin pacare, meaning 'to appease or pacify', reflecting the sense of settling disputes through monetary disbursement. Plan originates from Latin planus, meaning 'flat' or 'level', and came to denote a systematic or orderly scheme. Together, payment plan describes a structured arrangement for distributing financial obligations.
Breakdown
payment (pay- from Latin pacare 'to pacify' + -ment, a noun-forming suffix) + plan (from Latin planus 'flat', later 'scheme' or 'design'). The compound denotes a systematic schedule for monetary disbursement.
🎵Rhyme
🔗Collocations
📝Examples
“My dentist offered a payment plan because my smile is worth more than my bank account!”
“The company provides interest-free payment plans for students.”
“I love payment plans - they make me feel rich until the bills arrive!”
“We need to discuss the payment plan before signing the contract.”
📚Related Words
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