Business, Legal & Accounting Glossary
noun a part of a payment which is paid regularly until the total amount is paid ExampleThe first instalment is payable on signature of the agreement. (NoteThe US spelling is installment.) Usage the final instalment is now due the last of a series of payments should be paid now Usage to pay £25 down and monthly instalments of £20 to pay a first payment of £25 and the rest in payments of £20 each month Usage to miss an instalment not to pay an instalment at the right time a part of a payment which is paid regularly until the total amount is paid
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This glossary post was last updated: 20th November, 2021 | 0 Views.