Meaning of “instalment” in the English Dictionary

business-english dictionary

"instalment" in British English

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instalmentnoun [ C ]

mainly UK US usually installment uk /ɪnˈstɔːl.mənt/ us /ɪnˈstɑːl.mənt/

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.

(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 /ɪnˈstɔːlmənt/ us

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 total amount has been paid back:

pay by/in instalments The journal charges a yearly subscription 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 grant money in June.

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