Meaning of “fixed instalment system” in the English Dictionary


"fixed instalment system" in Business English

See all translations

fixed instalment systemnoun [ C ]

uk us

ACCOUNTING a method of depreciating (= spreading the cost of something over several financial years) an asset in a company's accounts in which the same amount is subtracted every year:

We decided to depreciate the machinery at 10% per annum under the fixed instalment system.

(Definition of “fixed instalment system” from the Cambridge Business English Dictionary © Cambridge University Press)