[in-stawl] /ɪnˈstɔl/ verb (used with object) 1. to place in position or connect for service or use: to install a heating system; to install software on a computer. 2. to establish in an office, position, or place: to install oneself in new quarters. 3. to induct into an office or the like with ceremonies or […]
[in-stawl-muh nt] /ɪnˈstɔl mənt/ noun 1. any of several parts into which a debt or other sum payable is divided for payment at successive fixed times: to pay for furniture in monthly installments. 2. a single portion of something furnished or issued by parts at successive times: a magazine serial in six installments. [in-stawl-muh nt] […]
- Installment buying
Purchasing a commodity over a period of time. The buyer gains the use of the commodity immediately and then pays for it in periodic payments called installments.
noun 1. a system for paying for an item in fixed amounts at specified intervals. noun 1. (US & Canadian) a system for purchasing merchandise, such as cars or furniture, in which the buyer takes possession of the merchandise on payment of a deposit and completes the purchase by paying a series of regular instalments […]