Background for installments

installments

/ɪnˈstɔlmənts/ /ɪnˈstɔləmənts/

Illustration installments - Image 1

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.

Examples :

""We paid for the new television in monthly installments." "

business finance economy amount number process time

Illustration installments - Image 1

noun

One member of a series of portions of a debt or sum of money, which portions may or may not be equated (depending in part on whether the interest rate is fixed or variable), payment of which portions are serially exacted at regularly scheduled intervals toward satisfaction of the total. Payments of installments are generally mensual, quarterly, triannual, biannual, or annual.

Examples :

""I'm paying off my new phone in monthly installments over the next two years." "

finance business economy

Illustration installments - Image 1

noun

A part of a published or broadcast serial.

Examples :

""The popular fantasy book series is being released in monthly installments to keep readers engaged." "

media entertainment

Illustration installments - Image 1

noun

The act of installing; installation.

Examples :

"The museum is showcasing new art installments each month for the next year. "

utility action process

Illustration installments - Image 1

noun

The seat in which one is placed.

Examples :

"The plumber carefully secured the new toilet, ensuring all its installments were level and watertight. "