Installment
/ɪnˈstɔːlmənt/
Definitions
- (n.) One of a series of payments made gradually over time to fulfill a financial obligation.
She paid the car loan in monthly installments.
- (n.) A portion of a serialized work released sequentially.
The novel was published in monthly installments.
Forms
- installments
Commentary
Use 'installment' to specify partial payments over time, often in contracts; differentiate from lump-sum payments.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.