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insallment

 

Definitions from the Web

Term: Insallment

Description:

An installment refers to a fixed amount of money that is paid in regular intervals as part of a larger sum or debt. It can refer to the partial payment of a loan, a debt, or a bill that is divided into smaller, more manageable payments.

Sample Sentences:

  1. You can pay for the new laptop in monthly installments.
  2. The credit card bill can be paid either in full or in installments.
  3. She took out an installment loan to purchase a car.
  4. I prefer paying my insurance premiums in installments rather than in one lump sum.
  5. The furniture store allows you to finance your purchase through installments.

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