installment


Also found in: Dictionary, Thesaurus, Legal, Encyclopedia, Wikipedia.
Related to installment: installment method, Installment Sales

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 ?
Tech also offers installments for the Galaxy S9 through a 12-month programme whereby the customer pays EGP 1,609 per month without a down payment, or can buy the Galaxy S9 and pay along 18 months, with EGP 1,187 paid monthly.
The grace period shall be fixed at the rate of one-month grace period for every year of installment payments made.
Tribal Installment Loans provide installment loans that range from USd100 to USD1,000.
The refusal by the banks for disbursement of second installment of the loan has fomented despair among the youths and they have appealed to Prime Minister Nawaz Sharif, finance minister Ishaq Dar and governor state bank to ensure release of second installment of the loan as soon as possible to save their business from disastrous failure.
The regulation is also expected to limit installments for online sales as well.
Gulf Installments Company (Gulf Installments) is to launch its office in Riyadh during the third quarter of this year.
In Saudi Arabia, Gulf Installments Company aims to replicate the financial success of SHU's UAE SME financing subsidiary, Gulf Finance Company
Interest must be charged on most installment sales or it will be imputed at 100 percent of the applicable federal rate (AFR).
To analyze the application of the installment sale method to this transaction, the first step is to calculate the percentage of your gross selling price taken up by your selling expenses.
On November 24, the IRS issued final regulations governing the payment of tax liabilities in installments (T.
The article cites an FTB regulation which says, in effect, that a nonresident is taxed on gains from an intangible asset sold on an installment sale while a California resident, because the intangible was sourced to California when the taxpayer was a resident.
After 1915, many personal finance loans enabled debtors to pay off retail installment plan obligations.