monthly installment plan
Refers to a payment method where a purchase is paid off in monthly installments. Often used in contexts like 月掛け払い or 月掛け購入.
This product can be purchased on a monthly installment plan.
月掛け払いの手続きをしました。
I completed the procedure for monthly installment payments.
monthly installment savings; monthly deposit plan
Compound of 月 (つき, 'month') and 掛け (かけ, 'installment' or 'credit'), from the verb 掛ける (かける, 'to hang' or 'to set'), referring to setting a payment over months.