Question

what is instalment payment system?​

Answer 1

Answer:

INSTALMENT PURCHASE SYSTEM Meaning: Instalment payment system (also called the deferred instalments) is a system where the. buyer is given the ownership as well as the possession of the gods at the time of signing the contract. The buyer has the facility to pay the price in instalments

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Answer 2

Answer:

AN INSTALMENT PAYMENT SYSTEM IS A CREDIT SALE SYSTEM IN WHICH PAYMENT ARE MADE IN INSTALMENT OVER A PERIOD OF TIME