DictionaryinstallmentPartial payment
noun

installment

in-STAWL-munt/ɪnˈstɔlmənt/

One separately delivered portion of a larger total.

Each installment contributes an equal payment toward the total across four months.

Four calendar pages with equal money payments laid beneath each month, first installment paid and three remaining.
Etymology

The payment verb estaler meant “to fix payments.” Installment first named the arrangement of payment, then came to mean an individual partial payment toward a debt.

In context

BBCollege Asansol92:47
whether you can invest in a staggered form it means whether you can make investment in installment
Financial Education for Young Citizens- Kona Kona Shiksha CSR Initiatives Kottak Securities

More examples

  • We pay the tuition in three equal installments.
  • The next installment of the mystery appears on Monday.
  • The first installment of the report covers transportation costs.

Forms

installment · installments

Similar words

payment
A payment can settle an entire debt, not just part.
episode
An episode is a narrative segment, not a partial payment.
portion
A portion is any part, without implying delivery in stages.