instalment
noun [ C or U ]
UK (US installment) uk/ɪnˈstɔːlmənt/ us COMMERCE, FINANCE
one of a number of parts into which an amount of money that is owed has been divided. Payments are made regularly until the total amount has been paid back:
pay by/in instalments The journal charges a yearly subscription of $1000, which readers can pay in instalments.
pay by instalment Small shareholders were often given the opportunity to pay by instalment.
pay/repay (the) instalments Please contact our Help Line if you cannot pay the instalments.
weekly/monthly/annual instalments
to keep up (the) installments
Louisiana got the final installment of its $10 billion in grant money in June.