Definition of Installment

a part or portion of something, especially money paid in increments

Examples of Installment in a sentence

The buyer has paid one installment out of twelve and will pay the remaining portions by the month.  🔊

Each car of the installment payment is due on the 5th of each month.  🔊

The first college scholarship installment will be released today, and the next increment will be paid out next month.  🔊

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