Online Encyclopedia

INSTALMENT (for earlier stallment or ...

Online Encyclopedia
Originally appearing in Volume V14, Page 648 of the 1911 Encyclopedia Britannica.
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INSTALMENT (for earlier stallment or estallment, from Fr. estaler, to fix, arrange; the change is probably due to the influence of the verb " install "), the payment of a sum of money at stated intervals and in fixed portions instead of in a lump sum; hence the sums of money as they fall due at the periods agreed upon. For the system of purchase by deferred payments or instalments see HIRE-PURCHASE AGREEMENT.
End of Article: INSTALMENT (for earlier stallment or estallment, from Fr. estaler, to fix, arrange; the change is probably due to the influence of the verb " install ")
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