Installment
volume
British pronunciation/ɪnstˈɔːlmənt/
American pronunciation/ˌɪnˈstɔɫmənt/
instalment

Definition & Meaning of "installment"

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

inst
all

installment

n

install

v
example
Example
The loan was structured to be repaid in monthly installments over a period of five years.
He was relieved to know that he could pay for the expensive course in installments rather than all at once.
Each installment of the mortgage had to be paid by the first of the month to avoid late fees.
She paid the first installment on her new car, with the remaining balance spread over the next two years.
Readers eagerly awaited the next installment of the mystery serial every week.
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