What are the difference between installment sale and credit sale?

An installment sale involves the buyer making a series of payments over time to purchase an asset, with ownership typically transferring at the end of the payment period or upon completion of the final payment. In contrast, a credit sale allows the buyer to take immediate possession of the asset while agreeing to pay the seller later, usually in a single payment or a shorter-term installment plan, with ownership transferring at the time of the sale. Installment sales often involve longer payment terms and may include interest, while credit sales are generally more straightforward and immediate.