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 ?
Additionally, MakeMyTrip integrated with Simpl platform and Kotak Mahindra Bank in India, Alpha Bank, eMAG, ING Bank Romania and PayU in Romania, Russian Standard Bank in Russia and Abu Dhabi Commercial Bank and Mashreq bank in UAE are all piloting Visa's instalments capabilities.
In some cases it is obvious that goods will be delivered in instalments, such as monthly collector magazines.
2000 crores has already been released to more than one crore farmers' families across the country in the first lot of 1st instalment. Further releases for the 1st instalment to the remaining beneficiaries are being made.
M2 EQUITYBITES-October 25, 2018-Sanoma's board decides on record date and payment date of second dividend instalment
"Jumia has launched this initiative with the aim of to give instalment option in payment, as the instalments system reduces the gap between citizens' monthly income and their needs," Hisham Safwat, CEO of Jumia Egypt, said.
The report said that despite the revisions to the payment schedule and instalment rate, the company did not deposit instalments for January, April and July 2009, resulting in 'the non-recovery of Rs87.9m and unjustified revision of schedule of payment'.
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 in a statement said Ishaq Dar purchased a house (E 144) in 2005, with a down payment of Dirhams 900,300/- with loan for balance payment through Islamic Financing of 8 years (96 instalments) from M/s Tamweel LLC, a Public Listed mortgage loans provider in the UAE.
It's a good idea to regularly review the method your corporation uses to make tax instalments to ensure you aren't accidentally making overpayments.
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.
Resolution No (47) of 2014 states that the director-general, executive director and secretary-general may approve the payment of any fine in instalments; with the condition that the applicant explains the reasons for his request.