Instillment

Pronunciation: /ˈˌɪnstɪɫˈɛmˈɛnt/

Instillment (noun)

  1. A payment made in separate amounts over time, usually as part of a plan to pay a larger bill.

Examples

  • The store offers a payment in parts plan for the laptop.
  • She pays the bill in a payment in parts schedule each month.