Meaning of the word installments in English

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

installments

US /ɪnˈstɔːlmənts/
UK /ɪnˈstɔːlmənts/

Plural Noun

1.

a sum of money due as one of several payments for something, spread over an agreed period of time

Example:
We paid for the car in monthly installments.
The new furniture was bought on installments.
2.

a part of a broadcast or published story or series

Example:
The novel was published in weekly installments.
This is the final installment of the documentary series.