"Payment installments" refers to breaking up the total amount due for a product or service into smaller, more manageable payments that are made over a period of time instead of paying the entire sum upfront. Full definition
Overall, if you can not afford to make the minimum monthly payment on a regular installment agreement, a partial payment installment agreement may be your best option. (taxdebthelp.com)
Alternatively, you can try to settle the debt for less than you owe through the offer in compromise program or through a partial payment installment agreement. (taxdebthelp.com)
Or should it try to spread things out in a long - term payment installment plan, or annuity? (xconomy.com)