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From Wikipedia, the free encyclopedia

An instalment (or installment in American English) usually refers to:

Economics and finance[edit]

  • Equated monthly installment, a fixed payment amount made by a borrower to a lender at a specified date each calendar month
  • Installment Agreement, an Internal Revenue Service (IRS) program, which allows individuals to pay tax debt in monthly payments
  • Installment loan, a loan that is repaid over time with a set number of scheduled payments
  • Installment note, a form of promissory note calling for payment of both principal and interest in specified amounts at specific time intervals
  • Installment plan, the acquisition of an asset by paying an initial installment and repaying the balance of the price of the asset plus interest over a period of time
  • Installment sale, a disposition of property where at least 1 loan payment is to be received after the close of the taxable year in which the disposition occurs
    • Monetized Installment Sale, the attempt by a seller of appreciated assets to defer income tax liability over a period of years while currently receiving cash or other liquid assets via a monetization transaction
  • Installment sales method, an approach used specifically when revenue and expense are recognized at the time of cash collection rather than at the time of sale