Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Installment Debt

Fannie Mae

Updated 10-31-2026

Installment Debt

Borrowed money that is repaid in several successive payments, usually at regular intervals, for a specific amount and for a specified term (for example, an automobile loan or a furniture loan).

Fannie Mae Glossary of Terms

Fannie Mae · p. 23

FTC

Updated 10-31-2026

Installment Debt

A loan that is repaid in accordance with a schedule of pay-ments for a specified term (such as an automobile loan).

FTC Real Estate Terms

FTC · p. 10

Need help?

Ask more questions about Installment Debt in Help. You'll get answers for your situation.