Installment
/ˌɪˈnstɔlmənt/
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Definition
(noun) One of a series of parts, whether equal or unequal to the other parts of the series, of a given entity or a given process, which part presents or is presented at a particular scheduled interval.
Sentence Examples
I bought this TV on the installment plan.
The last installment of this story will come out in the next issue.
CEFR Practice Quiz
I have just paid the final ____ on my new car, which means that I now own it completely.