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Instalment

usgb/ɪnˈstɔːlmənt/Volume
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Partial Payments

An instalment refers to splitting the total cost into smaller, manageable amounts paid over time.

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Mina chose to pay for her new laptop through monthly instalments.
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Interest Implications

Sometimes, paying in instalments might involve additional costs like interest, especially with credit purchases.

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The interest rate meant his instalments were slightly higher each month.
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Bill Breakdown

Your bill can show a breakdown into instalments, making it clearer how much to pay each time.

Illustration for Bill Breakdown
The utility company provided a breakdown of her bill into four quarterly instalments.
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