instalment Meaning in the Cambridge English Dictionary
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Meaning of “instalment” in the English Dictionary

"instalment" in British English

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instalmentnoun [C]

mainly UK (US usually installment) uk   /ɪnˈstɔːl.mənt/  us   /-ˈstɑːl-/
one of several ​parts into which a ​story, ​plan, or ​amount of ​moneyowed has been ​divided, so that each ​parthappens 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 Learner’s Dictionary & Thesaurus © Cambridge University Press)

"instalment" in Business English

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instalmentnoun [C or U]

UK (US installment) uk   us   /ɪnˈstɔːlmənt/
COMMERCE, FINANCE one of a ​number of ​parts into which an ​amount of ​money that is ​owed has been ​divided. Payments are made ​regularly until the ​totalamount has been ​paid back: pay by/in instalments The ​journalcharges a ​yearlysubscription of $1000, which ​readers can ​pay in instalments.pay by instalment Small ​shareholders were often given the ​opportunity to ​pay by instalment.pay/repay (the) instalments Please ​contact our Help Line if you cannot ​pay the instalments. weekly/monthly/​annual instalments to keep up (the) installments Louisiana got the final installment of its $10 ​billion in ​grantmoney in June.
(Definition of instalment from the Cambridge Business English Dictionary © Cambridge University Press)
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