Definition, Meaning & Synonyms
instalment
Noun
/ɪnˈstɔːl.mənt/
Definition
A sum of money due as one of several equal payments into which a debt or purchase is divided.
Examples
- She decided to pay for her new laptop in instalments.
- The loan agreement allowed for flexible instalment payments.
- He made the final instalment last month.
Meaning
Instalment refers to a portion of the total amount that is paid at scheduled intervals until the entire amount is settled.
Synonyms
- payment
- installment
- contribution
- portion
