When the buyer (borrower) is given by the seller (lender) the possibility to pay "in instalment" this means that he is not expected to pay all upfront, but can pay over time following an instalment schedule.
Instalment(See Chapter 22 of the Vernimmen)
When the buyer (borrower) is given by the seller (lender) the possibility to pay "in instalment" this means that he is not expected to pay all upfront, but can pay over time following an instalment schedule.
When the buyer (borrower) is given by the seller (lender) the possibility to pay "in instalment" this means that he is not expected to pay all upfront, but can pay over time following an instalment schedule.