installment
1 Americannoun
-
Finance. any of several parts into which a debt or other sum payable is divided for payment at successive fixed times; the scheduled periodic payment made on an installment loan.
to pay for furniture in monthly installments.
-
a single portion of something furnished or issued by parts at successive times.
a magazine serial in six installments.
Other Word Forms
Derived Forms
Etymology
Origin of installment1
First recorded in 1770–75; in- 2 + obsolete (e)stallment, equivalent to estall “to arrange payment on an installment plan” (perhaps from Anglo-French ) + -ment
Origin of installment2
Explanation
An installment is a part or section of something, like the monthly installment you pay on your credit card debt or the latest installment of your favorite TV show. "Partial payment" is the oldest meaning of this word, and it's still a common way to use it: "She sold me the bike and I'm paying her in installments." It's also used for anything split into sections or episodes. Your favorite serialized comic comes out in installments every three months, but you only have to wait a day for the next installment of that afternoon soap opera!
Vocabulary lists containing installment
All My Rage
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Chapter 25: The Jazz Age
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Somewhere Between Bitter and Sweet
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Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
“Installment buying is creating a generation of spendthrifts,” Wilbur Plummer declared in his 1927 book Social and Economic Consequences of Buying on the Installment Plan.
From Slate • Feb. 1, 2016
Installment loans, such as those for cars, typically have a much lower interest rate than what might apply to a credit card.
From US News • Dec. 3, 2015
Installment and payday loans have similar interest rates, but by structuring payments over a longer period of time, lenders are able to avoid some state legislation that strictly targets “short-term” lending.
From Washington Post • Mar. 1, 2015
Installment loans are “the safest form of consumer credit out there,” said Bill Himpler, the executive vice president of the American Financial Services Association, of which World and other major installment lenders are members.
From Salon • May 13, 2013
Miss Ostrovsky reminded me of the amazing scene in Death on the Installment Plan where Celine wants to stop the bustling of a street crowd.
From "Slaughterhouse-Five" by Kurt Vonnegut
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
