in ‧ stal ‧ ment BrE AmE ( also installment American English ) /ɪnˈstɔːlmənt $ ɪnˈstɒːl-/ noun [countable]
1 . one of a series of regular payments that you make until you have paid all the money you owe:
the second instalment of a loan
They’re letting me pay for the washing machine by monthly instalments.
2 . one of the parts of a story that appears as a series of parts, especially in a magazine, newspaper etc:
the first instalment of a science fiction trilogy
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THESAURUS
▪ payment an amount of money that you pay for something, especially when it is only one part of the total amount you have to pay:
They have a monthly car payment of £220.
▪ instalment British English , installment American English a regular payment you make to pay back money that you have borrowed or to pay for things that you have already received:
I borrowed $2,000, which was to be paid back in monthly installments of $250.
▪ deposit ( also down payment ) part of the cost of something that you pay before you get it, so that it will not be sold to anyone else:
They used the money they inherited as a down payment on a house.
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The hotel asks for a $20 deposit to reserve a room.
▪ subscription an amount of money you pay, usually once a year, to receive copies of a newspaper or magazine:
A subscription to the magazine is $52 a year.
▪ tip a small amount of money that you give someone, for example a waitress or taxi driver, in addition to paying for a service they have given you:
I usually leave a 10% tip.
▪ premium the amount you pay for insurance each year:
your monthly life insurance premiums