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in·stall·ment [or] in·stal·ment1

installment [or] instalment1

 
pronunciation:
ihn stawl mnt
part of speech: noun
definition: one of the parts in which something is paid, written, or supplied at regular times.
He paid his debt in monthly installments.The next installment of her story will appear in tomorrow's paper.
similar words:
deposit, issue