Meaning of the word installment in English

What does installment mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

installment

US /ɪnˈstɑːl.mənt/
UK /ɪnˈstɔːl.mənt/
"installment" picture

Noun

1.

any of several parts into which a sum of money owed is divided for payment at regular intervals

Example:
She paid for the car in monthly installments.
The first installment is due next week.
2.

a part of a story or series published or broadcast in separate sections

Example:
The latest installment of the TV series was thrilling.
This is the third installment of the fantasy novel.