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English definition of “instalment”

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instalment

noun [C] uk mainly UK ( US usually installment)   /ɪnˈstɔːl.mənt/ us    /-ˈstɑːl-/
one of several parts into which a story, plan, or amount of money owed has been divided, so that each part happens or is paid at different times until the end or total is reached: The novel has been serialized for radio in five instalments. We agreed to pay for the car by/in instalments.
(Definition of instalment from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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