Instalment


Also found in: Dictionary, Thesaurus, Financial, Encyclopedia, Wikipedia.
Related to Instalment: Instalment Sale

INSTALMENT, contracts. A part of a debt due by contract, and agreed to be paid at a time different from that fixed for the, payment of the other part. For example, if I engage to pay you one thousand dollars, in two payments, one on the first clay of January, and the other on the first day of July, each of these payments or obligations to pay will be an instalment .
     2. In such case each instalment is a separate debt so far that it may be tendered at any time, or the first may be sued for although the other shall not be due. Dane's Ab. vol. iii. ch. 93, art. 3, s. 11, page 493, 4; 1 Esp. R. 129; Id. 226; 3 Salk. 6, 18: Esp. R. 235; 1 Maule & Selw. 706.
     3. A debtor who by failing to pay three instalments of rent due on a lease would forfeit his estate, may, in order to save it, tender one instalment to prevent the forfeiture, although there may be two due at the time, and he is not bound to tender both. 6 Toull. n. 688.

References in periodicals archive ?
ISLAMABAD -- Citizens have voiced strong protest over increase in instalments for allottees of flats by the Pakistan Housing Foundation (FHF) in Sector I-16/3.
Dubai: Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, on Thursday issued a resolution allowing Dubai residents to pay fines in instalments.
Each instalment must be less than three months in separation.
It has been a long and expensive process to reach an outcome which supports my belief that the Instalment Receipt is an appropriate financial investment to be used in capital markets in North America.
After payment of this first dividend instalment, aggregate future instalments on the declared dividend, if any, are not expected to exceed approximately $0.
ISLAMABAD -- Capital Development Authority (CDA) Board has approved revised schedule for payment of instalments by the allotees in respect of its Park Enclave Housing Scheme (PEHS).
The TSE stated that it had suspended trading in the instalment receipts because the market price of Boliden common shares had fallen below $8.
In the Company's second quarter financial statements, the full amount of the balance of the receivable then owing was written off because only US$200,000 of the instalment due on July 30, 2004 had been received.
00 instalment payments, the first of which was paid by investors on May 1, 1997.
The purchase price in respect of the units was payable on an instalment receipt basis.
the "Manager"), manager of the Shiningbank Energy Income Fund (the "Fund"), today announced its quarterly distribution to holders of Instalment Receipts.