Instalment

Business, Legal & Accounting Glossary

Definition: Instalment


Instalment


Full Definition of Instalment


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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Instalment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 28, 2024 https://payrollheaven.com/define/instalment/.
Chicago Manual of Style (CMS):
Instalment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/instalment/ (accessed: March 28, 2024).
American Psychological Association (APA):
Instalment. PayrollHeaven.com. Retrieved March 28, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/instalment/

Definition Sources


Definitions for Instalment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.