Meaning of “instalment payment” in the English Dictionary


"instalment payment" in Business English

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instalment paymentnoun [ C or U ]

UK US installment payment uk us

COMMERCE, FINANCE one of a series of regular payments of a loan, debt, etc., or the system of making regular payments:

There is no extra fee for this type of installment payment.

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