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Definition of «installment»

An installment is a payment made in several smaller amounts over time, rather than as one lump sum. It can refer to payments for goods or services that are being provided gradually, such as making monthly car loan payments or paying rent on an apartment by the month. The term "installment" also refers to a separate part of something, like an installment in a series of books or movies.

Usage examples

  1. I am planning to finance my new car through monthly installments.
  2. The furniture store offers an installment plan with the option to pay over a period of 12 months.
  3. John bought a new smartphone and chose to pay in three equal installments.
  4. Sarah's credit card allows her to purchase items and pay for them in monthly installments.
  5. Mary decided to pay for her dream vacation in monthly installments to make it more affordable.
  6. The appliance store offers an option to pay for their products in six easy installments.
  7. The bank agreed to provide a loan for the house purchase, and the repayment will be made in fixed monthly installments.
  8. The company offers a subscription service with the option to pay in monthly installments instead of a lump sum.
  9. You can buy the latest iPhone by paying a small down payment and the rest in monthly installments.
  10. The car dealership has a special promotion where you can drive off with a new car by paying a low upfront installment.

Phrases with «installment»

Sentences with «installment»

  • The minimum yearly contribution is Rs 6,000, which either can be paid in one go or in installments of at least Rs 500. (policybazaar.com)
  • The Voyage Home is the sort of installment in a film franchise that normally rings the death toll. (dvdizzy.com)
  • The personal loan installment loan process is also quick and convenient. (personalloans.com)
  • (see all sentences)

See also

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