installment

²installment

noun

Definition of INSTALLMENT

1

: one of the parts into which a debt is divided when payment is made at intervals

2

a : one of several parts (as of a publication) presented at intervals b : one part of a serial story

— installment adjective

Variants of INSTALLMENT

installment also instalment

Origin of INSTALLMENT

alteration of earlier estallment payment by installment, from estall to arrange payments by installment, from Anglo-French estaler, from estal station, stall, division of a stage, of Germanic origin; akin to Old High German stal place, stall

First Known Use: 1776

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer