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 ?
Parliament on Thursday unanimously passed a bill allowing the payment of overdue social insurance contributions through 54 monthly instalments instead of the 48 proposed by the government.
In fact he never fully owned even these two properties as he was paying instalments.
Option 3--Pay l/4th of the second preceding year's tax liability (second instalment base) for the first instalment and, for the remaining three payments, l/3rd of the difference between the first instalment base and the first payment.
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.
Automotive sector officials expects the Central Bank of Egypt's (CBE) new regulations on retail banking to increase the demand for direct instalments by 10%-15%.
The schedule has been revised to facilitate the allotees in making payment of instalments.
00 instalment payments, the first of which was paid by investors on May 1, 1997.
Instalment receipts representing the right to receive distributions and to acquire Trust Units of the Fund upon the payment of $4.
The Polar HEITs instalment receipts trade on the Toronto Stock Exchange under the symbol "PHT.
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.
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.