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Meaning of “the never-never” in the English Dictionary

"the never-never" in British English

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the never-never

uk   /ˌnev.əˈnev.ər/  us   /ˌnev.ɚˈnev.ɚ/ UK informal
on the never-never
using a ​system of ​payment in which ​part of the ​cost of something is ​paidimmediately and then ​smallregularpayments are made until the ​debt is ​reduced to nothing: I don't like buying things on the never-never because they ​charge you such a lot in ​interest.
(Definition of the never-never from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)
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