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• n  a loan repaid with interest in equal periodic payments

• installment loan

News & Articles

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• Consumer credit rises by most in a year
  WASHINGTON (Reuters) - Consumer credit increased in May by the most in a year, a sign low borrowing costs were boosting economic growth although interest rates have since risen. Total consumer installment credit advanced by $19.6 billion to $2.8 trillion, Federal Reserve data showed on Monday. Economists polled by Reuters had expected consumer credit to rise $12.5 billion during the month ...
  July 8, 2013 - Reuters via Yahoo! News