installment receipt


An issuance of debt or equity where the buyer does not pay the full value of the issue up front. In this case, the buyer will make an initial payment, and then will pay off the remaining balance due in installments. These installment payments typically last two years. Even though the issue is not fully paid off throughout the installment payment period, the buyer is still allowed full voting rights as well as the right to receive dividends.
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installment note installment sale