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installment

installment

24 3.2
One part of the total cost paid regularly over time
  • noun
  • /ɪnˈstɔlmənt/
  • US
translation icon : cuota
  • If you must know, I'm paying for it on the installment plan.
  • installment payments
  • equal installments
  • annual installments

SPI Shop Pay Installments is our buy now pay later product.

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Examples

  • The store offers the option to pay for furniture in installments to make it more affordable.

  • Who is more likely to use buy now, pay later or installment payment plans to fund purchases?

  • And when can we expect the first installment?

  • Let's work out an installment plan.

  • In California, many people hit with big fines have to arrange installment payments.

    Academic text (1994)
  • Can I pay in installments?

  • We could pay it off in installments.

  • You can pay it back in installments.

  • My dad pays me 50 bucks every three months, but the next installment wasn't until April 1.

    Fiction book (1998)
  • The taxpayer will not owe interest or penalties on the installment payments.

    Academic text (1993)

Synonyms

payment
vsinstallment
805 1.0

Money given for goods, services, or to settle a debt

is a regular portion of cost paid repeatedly under a repayment schedule
regular payment
vsinstallment
1 2.7

An amount of money you give at fixed times, for example each month

is a scheduled sum specifically forming part of a debt repayment plan
installment rate
vsinstallment
  • US
3.4

An amount of money you pay regularly to repay a loan or buy something

is one of several scheduled sums paid over time toward a debt

Compounds

4 3.2

A way to pay by making small payments over time

installment loan
  • Specialized
1 3.9

A loan you repay with regular equal payments over time

installment debt
  • Specialized
4.3

Money you pay back in regular fixed payments over time

An amount of money you pay regularly to repay a loan or buy something

A way to buy something by paying small amounts over time

installment credit
  • Specialized
4.4

A loan you repay in equal regular payments with interest that people often use to buy a car or furniture

How Much

support payment
  • Formal
7 3.5
installment
  • US
24 3.2
micropayment
  • Specialized
2 4.0

Surface Forms

installment singular
installments plural
instalments plural
instalment singular

Morphology

installment = install (opaque) = install + ment

Although historically derived from 'install' + '-ment', the financial sense 'a partial payment in a series' is conventionalized and not inferable from the modern verb 'install' by typical learners.

Etymology

Installment comes from parts meaning in- 'in' and a root that means 'place', like in the word station, giving the idea of one part put into a plan. So a payment installment is one regular payment 'put in place' toward the full price.