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Definition of “instalment” - 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 Learners 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)
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