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instalment

UK (US installment)
 
 
/ɪnˈstɔːlmənt/ noun [C]

Definition

PAYMENT a regular payment that you make, for example each month, in order to pay for something: You can pay for your computer in six monthly instalments.
PART one of the parts of a story that you can see every day or week in a magazine or on television: Don't miss next week's exciting instalment.
(Definition of instalment noun from the Cambridge Learner's Dictionary © Cambridge University Press)

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