installment

Definition of "installment"
  1. A portion of a debt that is paid at regular intervals
How to use "installment" in a sentence
  1. The car loan was to be repaid in monthly installments over the course of three years.
  2. She chose to pay for her new furniture in installments rather than paying the total cost upfront.
  3. The tax agency allowed him to pay his owed taxes in installments instead of a lump sum.

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