B2nounUK spelling: instalmentmoneybusiness
US/ɪnˈstɔːl.mənt/
UK/ɪnˈstɔːl.mənt/
one of several regular payments you make until you have paid the full price of something
In context
We are paying for the sofa in twelve monthly installments.
The first installment is due at the end of the month.
She bought the laptop on an installment plan with no interest.
Words that go with installment
adjective + noun
- monthly installmentThe monthly installment is only fifty dollars.
- first installmentHe paid the first installment of the loan today.
- final installmentThe final installment clears your debt.
verb + preposition
- pay in installmentsYou can pay in installments over two years.
noun + noun
- installment planThe shop offers an installment plan for large purchases.
verb + noun
- miss an installmentIf you miss an installment, the bank charges a fee.
Common mistakes
Incorrect:
I bought it by installment.Correct: I bought it in installments.