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 ?
Instalments can be delayed only if the applicant settles the payments within the period specified.
In certain cases, applicants will have to pay the missed instalments in one payment.
Dubai: Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued a resolution allowing instalment of fines due to the Government of Dubai.
As per revised schedule of payment, the allotees can make payment of first instalment till February, 28, 2014, second instalment till April, 30, 2014, third instalment till June, 30, 2014, fourth instalment till August, 31, 2014, fifth instalment till October , 31, 2014 and 6th instalment till December, 31, 2014.
00 per unit, were sold on an instalment receipt basis.
The trust units and warrants of the Fund, initially represented by instalment receipts, are listed on The Toronto Stock Exchange under the trading symbol FAI.
TORONTO, May 27 /CNW-PRN/ - Boliden Limited announced today that The Toronto Stock Exchange (TSE) had suspended trading in Boliden instalment receipts (which trade under the symbol BOL.