"Instalment" Pronounce,Meaning And Examples

"Instalment" Meaning

Instalment refers to a part or portion of a larger sum of money paid or received at regular intervals, such as monthly or quarterly payments on a loan or mortgage. It can also refer to a segment or section of a larger work, such as a book or film, that is released or presented separately over time.

"Instalment" Examples

Usage Examples of "Instalment"

The company offers a 0% interest rate on the purchase price, payable in 12 monthly instalments.
She struggled to make the mortgage instalments on her own, so she applied for a joint mortgage with her partner.
The bank sent me a statement showing the outstanding balance and the instalment payment due on the credit card.
The payment schedule showed that the deposit was due in instalments over the next six weeks.
The producer warned that the expensive equipment would need to be paid for in instalments over several months to spread the cost.