installment Synonyms
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installment Meaning
installment (n)
a payment of part of a debt; usually paid at regular intervals
a part of a broadcast serial
a part of a published serial
the act of installing something (as equipment)
installment (n.)
The act of installing; installation.
The seat in which one is placed.
A portion of a debt, or sum of money, which is divided into portions that are made payable at different times. Payment by installment is payment by parts at different times, the amounts and times being often definitely stipulated.
installment Sentence Examples
- The car loan was structured with monthly installments spread over a five-year period.
- The homeowner decided to pay his mortgage in bi-weekly installments to reduce the interest accrued.
- The gym offered flexible payment plans with customizable installment amounts.
- The software company charged an initial installment fee, followed by monthly installments for the subscription period.
- The contractor required a down payment and monthly installments for the construction project.
- The phone company allowed customers to pay for their devices in monthly installments.
- The education loan provided a grace period before repayment installments commenced.
- The installment loan had a fixed interest rate and equal monthly payments.
- The credit card company waived the annual fee in exchange for regular installments on the outstanding balance.
- The insurance policy required the policyholder to pay the premium in equal installments throughout the year.
FAQs About the word installment
a payment of part of a debt; usually paid at regular intervals, a part of a broadcast serial, a part of a published serial, the act of installing something (as
inauguration,inaugural, investment, baptism,initiation, installation, investiture, enrolment,induction, enrollment
discharge,discharge,removal, removal,
The car loan was structured with monthly installments spread over a five-year period.
The homeowner decided to pay his mortgage in bi-weekly installments to reduce the interest accrued.
The gym offered flexible payment plans with customizable installment amounts.
The software company charged an initial installment fee, followed by monthly installments for the subscription period.
