BY INSTALLMENTS Meaning and
Definition
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The phrase "by installments" refers to a method of payment or distribution that involves dividing the total cost or quantity into smaller, manageable parts or portions, typically over a specific period of time. It is a common concept used in financial transactions, retail purchases, and contractual agreements.
When a purchase or payment is made "by installments," it means that the buyer or debtor agrees to pay for the item or service in a series of regular payments over a predetermined period. These payments can be weekly, monthly, or otherwise agreed upon between the parties involved. Each payment made contributes to the gradual completion of the total payment owed, effectively spreading the financial burden over a longer period.
The term can also be used in a non-financial context, as in the distribution of a collection or series of items. For instance, if a book is released "by installments," it means that the content is divided into parts, with each part being released or made available to the public periodically instead of all at once. This allows consumers or readers to access the content gradually or purchase it in portions, facilitating easy digestion or affordability.
Overall, the phrase "by installments" signifies a payment or distribution plan that involves breaking down a total cost or quantity into smaller, incremental parts or portions over time, allowing for easier affordability or accessibility.
Common Misspellings for BY INSTALLMENTS
- vy installments
- ny installments
- hy installments
- gy installments
- bt installments
- bg installments
- bh installments
- bu installments
- b7 installments
- b6 installments
- by unstallments
- by jnstallments
- by knstallments
- by onstallments
- by 9nstallments
- by 8nstallments
- by ibstallments
- by imstallments
- by ijstallments
- by ihstallments
Etymology of BY INSTALLMENTS
The word "installment" originated from the Latin word "installamentum", which means a payment or installment. It was later anglicized to "instalment" in Middle English. The term "by installments" is a phrase that indicates payment or distribution of something in parts or over a specific period. Its etymology relates to the concept of making a payment in installments rather than paying the full amount at once.
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