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installment
in·stall·ment / inˈstôlmənt/ (chiefly Brit. in·stal·ment) • n. 1. a sum of money due as one of several equal payments for something, spread over an agreed period of time: the first installment of a grant for housing the purchase price is paid in installments. 2. any of several parts of something that are published, broadcast, or made public in sequence at intervals: filming the final installment in his Vietnam trilogy. 3. the process of installing something; installation: installment will begin early next year. |
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Cite this article
"installment." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "installment." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O999-installment.html "installment." The Oxford Pocket Dictionary of Current English. 2009. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-installment.html |
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Installment
INSTALLMENTRegular, partial portion of the same debt, paid at successive periods as agreed by a debtor and creditor. An installment loan is designed to be repaid in certain specified, ordinarily equal amounts over a designated period, such as a year or a number of months. |
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Cite this article
"Installment." West's Encyclopedia of American Law. 2005. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "Installment." West's Encyclopedia of American Law. 2005. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1G2-3437702331.html "Installment." West's Encyclopedia of American Law. 2005. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1G2-3437702331.html |
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