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English definition of “instalment”

instalment

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