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 ?
Sam Shrauger, senior vice president, global head of issuer and consumer solutions, Visa, said: "Our instalment capabilities are changing the game by allowing issuers to leverage an existing payment account consumers already have and are familiar with, instead of asking them to submit to a credit check, download an app or open another line of credit."
If a trader wants to send your order in instalments they must inform you of this and seek your agreement.
Non-seeding of beneficiaries' details with Aadhaar number will delay the release of the second instalment as it is due on April 1, 2019, and will cause discontent among the farmers.
Reportedly, the Annual General Meeting of Sanoma, held on 22 March 2018, had resolved that a dividend of EUR0.35 per share shall be paid in two instalments. The first instalment of EUR0.20 per share was paid on 4 April 2018.
Meanwhile, Hazem Moghazi, CEO of Aman, said, "this agreement comes in the framework of the company's strategy to spread instalment and electronic payments in the Egyptian society, as well as helping citizens to purchase different products in the simplest and most convenient payment method."
The report said CDA representatives explained that the instalments have been recovered.
The first instalment must be paid at the latest on the last day of the month on which a person has accepted the scheme.
After paying 74 instalments to M/s Tamweel LLC, Senator Dar gifted the said house to his sons, Mr.
Option 2--Pay l/4th of the preceding year's tax liability (first instalment base);
Dubai: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, on Thursday issued a resolution allowing Dubai residents to pay fines in instalments.
Pursuant to the resolution, applicant must defray 25 per cent of the total fine's amount upon approval on the instalment's request, and the installment's defray must be in cash or via any instrument defined by the concerned government entity.
Sources from Ministry of Finance said, till now 3.50 billion dollars have been repaid to IMF in 17 instalments and this 18th instalment will be paid as Stand By program of loan return.