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instalment

noun [C] UK (US installment)
 
 
/ɪnˈstɔːl.mənt/ US  /-ˈstɑːl-/

Definition

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.Books and parts of books
(Definition of instalment noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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