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Word: installment
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Meaning:
Noun:
- anything that is performed in parts, spread in time
- a part of a broadcast or published serial.
- A portion of a debt, or sum of money, which is divided into portions that are made payable at different times. Payment by installment is payment by parts at different times, the amounts and times (often equal namely regular, e.g. mensual) being often definitely stipulated.
- obsolete The seat in which one is placed.
- The act of installing; installation.
Source: Wiktionary
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