Installment Plan definition

Installment Plan means an equal installment plan for a qualifying Purchase established in accordance with Section 8 of this Cardholder Agreement.

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Installment Plan means the equal bill installment plan where we permit Eligible Installment Plan Purchases to be billed to your Account each month over the Repayment Period.

Installment Plan means the option available to the Cardmember under the Installment Plan terms and conditions.

Examples of Installment Plan in a sentence

• Payment Allocation When you make a payment, generally, we first apply your minimum payment to the monthly obligation for any Installment Plan offer balances, which requires repayment of the balance over a pre-selected number of billing periods, and then to the balance on your monthly statement with the lowest APR.

• Interest Avoidance Balance Pay the Interest Avoidance Balance every month by your due date to avoid interest on non- Installment Plan purchases and avoid prematurely paying off your Installment Plan Balances.

• This amount includes your current statement New Balance, minus your Installment Plan Remaining Balance and any eligible Promotional Balances (if applicable), plus your monthly Installment Plan Payment amount due.

• Monthly Payment Due for Installment Plan Balance(s): Total amount owed this month for active installment plans.

• We will apply your Minimum Payment in the following order: to Installment Plan minimum payment, if applicable; then to Interest Charges, then to Fees and the remaining amount is applied first to the debt resulting from Purchases and Cash Advances with the lowest APR and then to the debt with the higher APR in ascending order.

More Definitions of Installment Plan

Installment Plan means any plan, arrangement or agreement

Installment Plan means a plan where you have agreed to make equal payments on an eligible Transaction over a fixed period of time. When you convert the Transaction to an Installment Plan, you will select the annual interest rate and term (in months) from the available options. Additional terms and conditions apply. Minimum Payment means the minimum amount that must be paid on your Account by the payment due date.

Installment Plan means the defined repayment of a balance over a set duration of equal monthly payments. Your balance owed is moved from your account’s purchase category to the installment plan. You may have several installment plans active at the same time‌‌‌ There are certain terms outlined in this agreement that have equivalent definitions in Quebec (as required by the Quebec Consumer Protection Act). We have outlined them below: Terms used in Cardholder Agreement Corresponding meaning under the Consumer Protection Act (Quebec) Credit Limit Credit Extended Interest Charges Credit Charges Annual Interest Rate Credit Rate Interest-free Grace Period Period given to pay outstanding amounts without having to pay credit charges, except as regards money advances Minimum Payment Minimum periodic payment required Annual Fees; Other Fees There may be other charges under this Agreement that we disclose to the Borrower, including fees for returned payments, duplicate statements, cash advances, cash-like transactions, bill payments, cheques, redemptions, inactive accounts, among other

Installment Plan means a plan where the cardholder has agreed to make equal payments on an eligible transaction over a fixed period of time.

Installment Plan means any retail transactions (minimum of PKR 5,000), Balance transfer from other Credit Cards (minimum of PKR 5,000), Dial-a-draft (Pay order of a minimum PKR 5,000), Product or Services offered to the Cardmember through the Rewards and Discount Guide. Installment Plans with 0% mark-up offered on specific products and for specific payment tenures which will be communicated to the Cardmember from time to time, Credit Card Annual Fee (12 equal monthly installments at 0% mark-up), for which the Cardmember utilises the available Credit limit and repays the Transaction amount in Equal Monthly Installments according to the Installment Plan Terms and Conditions.

Installment Plan means option or facility offered by Bank to the Cardmember to make payments of any retail transactions (minimum of PKR. 5,000/- only ), balance transfer from other Credit Cards (minimum of PKR. 5,000/- only), draft against credit limit (Pay Order of a minimum PKR. 5,000/- only), Product(s) or any other services offered by Bank to the Cardmember from time to time including the rewards and discount guide by way of monthly installment plan. The Installment Plan has a key feature of 0% markup offered on specific product(s) and for specific payment tenure(s) which will be communicated by the Bank through various means and modes to the Cardmember from time to time for Card Annual Fee (12 equal monthly installments at 0% mark-up), for which the Cardmember utilizes the available credit limit and repays the transaction amount in equal monthly installments according to the Installment Plan Terms and Conditions This facility may also be offered on foreign transactions but with the prior approval of the Bank.

Installment Plan means one or more Board-approved or pre- approved schedules of payment for a Member or Affiliate to pay Initiation Fees, Equity Fees, Assessments, Equity Assessments, and/or Annual Dues over a fixed period of time.