What term describes paying tax delinquency in installments?

• A. Redemption in Installments
• B. Lump Sum Payment
• C. Deferred Payment
• D. Extended Payment Plan

Answer: (A)

Paying tax delinquency in installments is described as redemption in installments. Redemption means reclaiming property or lifting a tax lien by paying what’s owed, and adding installments specifies that this is done through multiple payments rather than a single lump sum. This term captures the idea of restoring rights or ownership by satisfying the entire delinquency over time. A lump sum payment would be one-time; deferred payment implies postponing the obligation; an extended payment plan is a generic, less formal phrase and doesn’t specify the redemption process under tax rules.