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instalment

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noun [countable] instalment pronunciation in British English /ɪnˈstɔːlmənt/ 
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singularinstalment
pluralinstalments
  1. 1
    one of several payments that an amount is divided into, so that you do not have to pay the whole amount at one time

    When is the next instalment due?

    in instalments:

    We paid for the television in 12 monthly instalments.

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