What is another word for payment plan?
Pronunciation: [pˈe͡ɪmənt plˈan] (IPA) 
A payment plan is essentially an agreement between two parties in which one party agrees to pay a certain amount to the other party over time. While the term "payment plan" is commonly used, there are other synonyms that can be used to describe this type of agreement. These synonyms include installment plan, financing plan, layaway plan, payment schedule, and EMI plan. Depending on the specific terms of the agreement, these different terms can be used interchangeably. However, it's important to keep in mind that the underlying concept of a payment plan remains the same regardless of the terminology used.
