Instalment

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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 ?
A person will be considered as having reneged on the agreement if he or she does not keep up with the instalments scheme after three months, not two months as in the original draft bill.
The spokesperson said about property L53 Emirates Hills, Senator Dar entered into a purchase contract for the said property on 03 August, 2005, under which he was to pay the price of Dirhams 7,066,000/- to Emirates Hills Phase I LLC in 4 instalments from 03.
CBE's new regulations prohibit Egyptian banks from offering retail loans with monthly instalments that exceed 35% of a debtor's net income.
Generally, corporations are required to pay monthly income tax instalments if their total taxes payable for the current or preceding taxation year are more than $3,000.
The resolution No 47 of 2014 stipulates that the director-general, secretary-general, executive director or their deputies in a Dubai Government body can approve the payment of fines in instalments.
The new resolution annuls the Executive Council's Resolution No (40) of 2011 on instalments of traffic valuations in Dubai and any other resolution contradicts its articles.
1614 per share previously cancelled, represents the first instalment of the dividend announced on December 2, 2005.
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 Units are being offered at a price of $1,000 per Unit, subject to a minimum subscription of five Units for $5,000, payable in two equal instalments.
was to pay to CDA the balance instalments of cost of land provided by the revised schedule B-2 of third amended agreement dated 03-01-2009.
Contemporaneous with the closing of the initial public offering, the Fund entered into a credit facility, with a Canadian chartered bank pursuant to which the Fund will borrow an amount equal to the aggregate amount of the final instalments plus expenses of the offering.