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Instalment

usgb/ɪnˈstɔːlmənt/Volume
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Partial PaymentsPlay
An instalment refers to splitting the total cost into smaller, manageable amounts paid over time. SlideMina chose to pay for her new laptop through monthly instalments.
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Interest ImplicationsPlay
Sometimes, paying in instalments might involve additional costs like interest, especially with credit purchases. SlideThe interest rate meant his instalments were slightly higher each month.
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Bill BreakdownPlay
Your bill can show a breakdown into instalments, making it clearer how much to pay each time. SlideThe utility company provided a breakdown of her bill into four quarterly instalments.