Definition of Installment
Installment
in·stal·ment
Definition/Meaning
(noun)
A part of a larger amount paid or received at regular intervals.
e.g. The company offered a payment plan with monthly installments.
(noun)
one of the parts into which a work (like a book/story or film) is divided, after which it is released in sequence by publication or broadcast;
e.g. Nick is writing the final installment of his book series called 'The Pepperwood Chronicles'.
(noun)
installation, or the act of installing something;
e.g. The installment process should take a few hours.
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