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installment

Syllabification: (in·stall·ment)

Pronunciation: /inˈstôlmənt/

(chiefly Britishinstalment)

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Definition of installment

noun

1a 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

2any of several parts of something that are published, broadcast, or made public in sequence at intervals:filming the final installment in his Vietnam trilogy

3the process of installing something; installation:installment will begin early next year

Origin:

mid 18th century (denoting the arrangement of payment by installments): alteration of obsolete estalment (probably by association with installation), from Anglo-Norman French estalement, from Old French estaler 'to fix'

installment in other Oxford dictionaries

Definition of installment in the British & World English dictionary

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