Meaning of installment

in•stall•ment

Pronunciation: (in-stôl'munt), [key]
— n.
  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•stall•ment

Pronunciation: (in-stôl'munt), [key]
— n.
  1. the act of installing.
  2. the fact of being installed; installation.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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