installment

Meanings

• noun

  A regularly scheduled payment, usually of an installment loan or mortgage.

  - "He pays his car installment every month."
  - "The couple struggled to make their mortgage installments."

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Pronunciation

1. /ɪnˈstɔːlmənt/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=88987801"
2. /ɪnˈstɔːlmənt/
   
   
   
   Source: "https://commons.wikimedia.org/w/index.php?curid=88987801"

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Synonyms

episode , part , installation , investiture , investment

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Variants

List of all variants of installment that leads to same result
installment , installments , instalment , instalments , installment plan , installment plans

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Etymology

origin and the way in which meanings have changed throughout history.

Instalment comes from the Old French word 'installer', meaning 'to install' or 'to establish'. The concept of making regular payments for a large purchase or debt has been around for centuries.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. The first recorded use of the term 'installment' in English was in 1442.

2. In some cultures, installment payments are called 'maiandros', which comes from the Greek word for 'monthly'.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Installment loan: A type of loan where the borrower receives the entire amount upfront but repays it in equal payments over a set period.

2. Mortgage: A type of installment loan used to buy real estate. The borrower makes regular payments, typically monthly, to pay off the loan over a set period.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Installments have been a common theme in literature and art, often representing the burden or struggle of debt. For example, in F. Scott Fitzgerald's 'The Great Gatsby', the character Nick Carraway takes out an installment loan to buy a house, which ultimately leads him to financial trouble.

How to Memorize "installment"

1. visualize
   

   - Imagine a person making regular payments to pay off a debt or purchase. Visualize the sense of relief and progress with each installment made.

2. associate
   

   - Associate the word 'installment' with the idea of making regular payments or progress towards a goal.

3. mnemonics
   

   - Use the mnemonic 'Installs Mean Progress' to remember the meaning of installment.

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