monthlyinstallments
nounUK /ˈmʌnθli ɪnˈstɔːlmənts/
US /ˈmʌnθli ɪnˈstɔːlmənts/
Money you pay in small parts each month until you finish paying.
We bought the sofa and paid for it in monthly installments.
OTHER MEANINGS
2. Regular amounts paid every month for a service or subscription.
The gym charges monthly installments for membership.
3. Parts of a total cost split into equal monthly amounts.
The car was paid off in twelve monthly installments.
4. Money set aside or paid each month toward a debt.
She made monthly installments to clear her student loan.