in‧stal‧ment also installment American English [countable]
1BBT one of a series of regular payments that you make until you have paid all the money you owe:
the second instalment of a loan
They're letting me pay for the washing machine by monthly instalments.
2ALTCN one of the parts of a story that appears as a series of parts, especially in a magazine, newspaper etc:
the first instalment of a science fiction trilogy

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