Definition

A part of a payment that is made regularly over a period of time, rather than paying the full amount at once.

Example

I decided to pay for the new car in monthly instalments.

Conversation

Have you heard about the new payment plan for that phone?

Yeah, I think it allows you to pay in instalments instead of all at once.

That makes it so much easier to manage the cost.

Exactly! I prefer splitting payments over a few months.

Synonyms & Antonyms

Root Explanation

Instalment is formed from "install" (from Old French *instaler*, meaning to place or set up) and the suffix "-ment" (meaning the action or result of). The word refers to the action or result of placing or setting up something in parts or stages, typically in a financial context.

Memory Tip

Think of 'placing' or 'setting up' something in parts — that's what an instalment means, as it refers to paying in parts.

Visually Confused Words