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

Mina chose to pay for her new laptop through monthly instalments.
Interest Implications
Sometimes, paying in instalments might involve additional costs like interest, especially with credit purchases.

The interest rate meant his instalments were slightly higher each month.
Bill Breakdown
Your bill can show a breakdown into instalments, making it clearer how much to pay each time.

The utility company provided a breakdown of her bill into four quarterly instalments.
Compare with
DivisionPaymentPhasePiecePortionSegmentUnit
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