INSTALMENT

US usually installment [noun] [C] - one of a number of parts into which a story, plan or amount of money owed has been divided, so that each part happens or is paid at different times until the end or total is reachedThe novel has been serialized for radio in five instalments.We agreed to pay for the car by instalments.Installment plan is [esp. US] for hire purchase.See at hire.