"Monthly installments" refers to the fixed amounts of money that need to be paid each month towards a purchase, loan, or any form of debt. These payments are spread over several months until the full amount is paid off. Full definition
Many carriers offer plans where subscribers pay off the value of their new device in monthly installments in lieu of a two - year contract. (ibtimes.com)
The interest rate is fixed for the term of your loan, and repayments are made in monthly installments of principal and interest. (usbank.com)
In this situation, the business will repay a certain portion of the tax debt in equal monthly installment payments. (taxdebthelp.com)