installment

US /ɪn'stɔ:lmənt/

UK /ɪn'stɔ:lmənt/

C2
n. (c.)Countable NounOne of many payments you have to make
An installment was provided to her to pay off his debt
n. (c.)Countable NounOne part of a published serial
The Battle of the Five Armies is the third installment of the Hobbit movie franchise

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