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A word for a sale that is not an installment but actually paid in full

English Language & Usage Asked by Rafael Campos Nunes on July 15, 2021

When you are buying something in a store you have the option to pay it in credit or debit, with or without instalments. Is there are a single word for something that is paid in full at the time of purchase?

3 Answers

I really like the answers given above. For what it's worth, I suggest lump sum

an amount of money that is paid at one time : a single sum of money

The bonus is paid out in a lump sum.

[Merriam-Webster]

Correct answer by user405662 on July 15, 2021

"Buying something outright" means buying in full without any hire purchase, installment plan, or other arrangement.

Lexico has as one meaning of outright "Not by degrees or instalments." Example sentence: "they decided to buy the company outright"

Merriam-Webster defines it in rather formal terms as "made without encumbrance or lien".

You'll see it widely used in websites on personal finance e.g.

Answered by Stuart F on July 15, 2021

Not suitable for the most formal contexts, but in general it's perfectly natural to say you...

bought it for cash on the nail (hundreds of instances in Google Books)

on the nail (informal) - Immediately, promptly, or without delay; on the spot (thefreedictionary)

Answered by FumbleFingers on July 15, 2021

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