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Commonly Asked Questions about Installments Legal Forms

one of several parts into which a story, plan, or amount of money owed has been divided, so that each part happens or is paid at different times until the end or total is docHubed: in instalments The novel has been serialized for radio in five instalments.
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An installment contract is a single contract that is completed by a series of performancessuch as payments, performances of a service, or delivery of goodsrather than being performed all at one time. Installment contracts can provide that installments are to be performed by either one or both parties.
installment contract. n. an agreement in which payments of money, delivery of goods or performance of services are to be made in a series of payments, deliveries or performances, usually on specific dates or upon certain happenings.
Legal Definition installment. noun. in​stall​ment. : one of the parts into which a debt is divided when payment is made at intervals.
Meaning of installment in English one of a number of payments that you make over a period of time to pay for something that you can use while you are paying for it: We paid for the car in monthly installments over two years.