installment

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Installment

A payment made as part of a series of payments on the same good, service, or obligation. For example, if one buys expensive consumer goods (such as furniture), one may agree with the seller to pay in installments until the furniture is paid in full. Likewise, one also makes installment payments on loans. Installments may or may not require interest to be paid.

installment

A partial payment on a financial obligation. For example, an annual or monthly payment to the seller of an asset, such as a farm, on a long-term contract is an installment. Installments are composed partly of principal and partly of interest. If all the installments are of equal size, each subsequent payment incorporates an increasing amount of principal and a decreasing amount of interest.
References in periodicals archive ?
The installments were respectively paid to the CBI's accounts in Oman and the United Arab Emirates.
51 PLN and 3 installments of 51 256 PLN, in 2016 the repayment of four installments of 139 710 PLN, in 2017 one installment repayment in the amount of PLN 160 157 and 3 160 156 installments PLN , in 2018 one installment repayment in the amount of PLN 160 157 and 3 160 156 installments PLN, in 2019 one installment repayment in the amount o
6166 allows for the installment payment of Federal estate taxes with respect to certain closely held business interests.
An installment sale agreement should clearly state the intentions of the parties as to the contingent payment arrangement in the promissory note and the purchase agreement.
Self-canceling installment note As an alternative to using a private annuity, consideration should be given to making an installment sale of an asset to a family member, with any balance of the installment note automatically canceled on the seller's death.
2017 - 11 installments each of 8 and 12 333,00 PLN installment of 8 337,00 PLN
In general, the amount of any required installment is 25% of the required annual payment.
Before the EUCA amendments, a taxpayer with income that varied during the year could lower or eliminate a required estimated payment by using the annualized income installment method.
The terms of the settlement agreement became effective as of the signing of this settlement agreement on October 13, 2004, and today Turkcell paid TL7,287,684 million (US$5 million as of October 13, 2004), consisting of the first installment totaling TL6,259,684 million (US$4 million as of October 13, 2004) and TL1,028,000 million (US$693,076 as of October 13, 2004) of stamp duty.
453(h) permits shareholders receiving qualified installment notes in otherwise taxable complete liquidations to use the method.
In addition, under the stock-pledge agreement, the redeemed X stock is pledged to A as security for his installment note.
The commencement of the installments is subject to a registration statement being filed and declared effective with the Securities and Exchange Commission.