Installment Meaning
/ɪnˈstɔːl.mənt/Definition, CEFR level B2, pronunciation, examples, and quiz.
Definition
nounOne 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.
nounAny of a series of portions of a debt or sum of money, which portions may or may not be equal in amount (depending in part on whether the interest rate is fixed or variable), and payment of which takes place at regular intervals toward satisfaction of the total. Payments are generally mensual, quarterly, triannual, biannual, or annual.
Sentence Examples
Synonyms & Antonyms
Word Origin & History
A 1732 alteration of estallment, from Anglo-Norman estaler (“fix payments”), from Old French estal (“fixed position”), from Old High German stal (“stall", "standing place”) The sense of "part of a whole produced in advance of the rest" is from 1823.