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 resolution No 47 of 2014 stipulates that the director-general, secretary-general, executive director or their deputies in a Dubai Government body can approve the payment of fines in instalments.
The new resolution annuls the Executive Council's Resolution No (40) of 2011 on instalments of traffic valuations in Dubai and any other resolution contradicts its articles.
The schedule has been revised to facilitate the allotees in making payment of instalments.
A notice of payment which summarizes, among other things, the mechanics for payment of the final instalment was mailed to all registered holders of instalment receipts on May 15, 1998.
As we approach the final instalment payment, which is due April 30, 1998, it may be useful to reflect on the performance of the first 10 months of your Fund.
Instalment receipts representing the right to receive distributions and to acquire Trust Units of the Fund upon the payment of $4.
The purchase price of $15 per Unit is payable on an instalment basis and, prior to payment of the final instalment, the Units will be represented by instalment receipts.
00 per unit, were sold on an instalment receipt basis.
23, 1996--OPTUS (TSE:OPT) OPTUS Natural Gas Distribution Income Fund ("OPTUS") announced today that it has received firm commitments for its previously announced $35 million offering of Special Warrants exercisable into instalment receipts of OPTUS.
the "Manager"), manager of the Shiningbank Energy Income Fund (the "Fund"), today announced the first distribution to holders of Instalment Receipts.
on an instalment receipt basis pursuant to a final short form prospectus dated March 5, 1996 filed by Provigo Inc.
As per the sources, two SBA instalments and one SDR charges were due during this month.