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installment

in·stall·ment [ in stáwlmənt ] (plural in·stall·ments) or in·stal·ment [ in stáwlmənt ] (plural in·stal·ments)


noun 
Definition:
 
1. partial repayment: one of a series of sums of money paid at regular intervals to settle a debt

2. part in series: one of the parts of something that appears or is presented at intervals
published in installments

[Mid-18th century. < Anglo-Norman estallment< Old French estaler "to fix, place"]
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