What does installment mean?
1 : one of the parts into which a debt is divided when payment is made at intervals. 2a : one of several parts (as of a publication) presented at intervals.
What do you mean by Instalment payment?
Instalment payments refer to a customer paying a bill in small portions throughout a fixed period of time. Start invoicing for free. Instalment payments are a payment plan arranged between the buyer and the seller. It’s usually clearly stated in the payment terms in a contract or on an invoice.
What is Instalment?
An instalment (or installment in American English) usually refers to either: A single payment within a staged payment plan of a loan or a hire purchase (installment plan) An episode in a television or radio series. An entry in a film and/or video game series.
What is a monthly Instalment?
More Definitions of Monthly Installment Monthly Installment means the amount of monthly payments required to be paid to the Lender which may be either fixed (EMI) or variable as set out in the Schedule and Annexure attached hereto, to amortise the Loan with Interest over the tenure of the Loan.
Does installment have one or two Ls?
“Instalment” seems to be to proper choice of words in this application, but I think most people are more familiar with the word “installment” as it refers to revolving payments. From that perspective, reading the word with one “l” might raise a few eyebrows.
What is the difference between an installment and a layaway?
The difference between an installment plan and a layaway plan is an installment plan can be stretched out over a longer period of time, where as with a layaway plan, the customer must pay a fraction of the price of said item upfront. !
What is the meaning of monthly installment?
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.
What does installation Vs. installment mean?
As nouns the difference between installation and installment. is that installation is an act of installing while installment is the act of installing; installation or installment can be 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 (often equal namely regular, eg mensual) being often definitely stipulated.
What are some examples of installment?
Mortgages. A mortgage is designed for people looking to purchase a home.
What does instalment mean?
• INSTALMENT (noun) The noun INSTALMENT has 3 senses: 1. a part of a broadcast serial. 2. a part of a published serial. 3. the act of installing something (as equipment) Familiarity information: INSTALMENT used as a noun is uncommon.
What is a synonym for installment?
installment, instalment(noun) a part of a published serial. Synonyms: episode, instalment, installing, installation. installation, installing, installment, instalment(noun) the act of installing something (as equipment) “the telephone installation took only a few minutes”.
https://www.youtube.com/watch?v=H_IWq2-Z1N8