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Installment
01
a part of a larger sum of money that is paid in a scheduled series of payments over a specified period of time
02
the act of installing something (as equipment)
03
one of several parts of a story that is regularly broadcast or published on television or in a newspaper over a period of time
04
a part of a published serial
Example
The bank will check out the loan installment on the specified date.
Readers eagerly awaited the next installment of the mystery serial every week.
Fans eagerly awaited the final installment of the popular dystopian series.
The next installment for the project funding is due in two weeks.
In order to book the vacation package, the traveler deposited the first installment of the total cost.
