Answer:Installment sales and credit sales are quite similar
Explanation:Installment sales and credit sales are quite similar. Each is a form of credit that provides a way for goods to be delivered and the payment for the goods to be deferred to a later date. However, there are two key differences between installment and credit sales: time to repay and collateral. While a credit sale is a short-term payment deferral option, an installment sale is generally stretched over many years. Collateral refers to the type of assets used to secure the credit.
