- 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.
Meaning of 'installment' (Princeton's WordNet)
1 . installment
[ n]
Meaning (1): - the act of installing something (as equipment)
Example in sentence:
the telephone installation took only a few minutes
Installment refund annuity Installment refund annuity pays the annuitant a lifetime income, but if death occurs before receiving payments equal to the purchase price,
Installment loans Installment loans is the credits that is repayable in two or more consecutive payments, usually on a monthly or quarterly basis.