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 ?
Visa is making it easier to provide shoppers the ability to choose how they pay before, during or after purchase with the introduction of a suite of Visa's installment solutions APIs.
Taxpayers should note that first installment tax bills will not reflect homeowner, senior citizen or other exemptions, nor will they reflect the impact of successful assessment appeals filed for tax year 2018.
Some business association needs adaptability in their installment preparing and furthermore require secure installment processor for handle touchy data better and the program based charge card preparing is the best choice.
Meanwhile, buyers who paid less than two years of installments are entitled to a grace period of not less than 60 days from the date the installment became due.
The installments were respectively paid to the CBI's accounts in Oman and the United Arab Emirates.
According to the regulation, non-mortgage consumer loans are limited to a period of 36 months and car loans cannot exceed 48 installments. The regulation is also expected to limit installments for online sales as well.
Gulf Installments was established in 2012 by Shu Capital following the success of Shu's subsidiary Gulf Finance Corporation in the UAE, says a company press release.
David Hunt, Chief Executive Officer of Gulf Installments in Saudi Arabia, said: "Gulf Installments aims to finance SMEs across a variety of sectors, from contracting and construction, to healthcare and education; whether they need to establish their business or expand it by purchasing assets such as heavy plant and machinery, medical equipment, or contracting and constructing equipment."
David Hunt is appointed as the chief executive officer of Gulf Installments in Saudi Arabia.
"SHU Capital has announced the establishment of Gulf Installments Company," said a statement from the company.
Kuwait Finance House (KFH) posted the highest accumulated allocations recording 8.3 percent of the overall loans and installments, amounting to KD 6.
If the stated interest rate on an installment sale note is not "fair market" in the eyes of the IRS, the IRS may input a fair interest rate.