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An arrangement where you get money, goods or services and agree to pay for it at some point in the future. Click again to see term 👆. Tap again to see term 👆. Principal. Click card to see definition 👆. Tap card to see definition 👆. The amount of money borrowed. Click again to see term 👆. Tap again to see term 👆.Start studying Installment vs. Revolving Credit. Learn vocabulary, terms, and more with flashcards, games, and other study auto loan installment or revolving quizletConsumer or business loan (such as for a vehicle, vacation, or equipment) in which the principal and interest are repaid in equal installments at fixed intervals (usually every month). These loans are commonly secured by the item purchased or by the personal property (excluding real estate) of the borrower. Also called installment ;· No, a payday loan is not an installment loan. That’s because payday loans are typically paid back in a single lump sum when you get paid again. In some cases, th

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