Question

What is meaning of installment payment system?

Answer 1

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An instalment (or installment in American English) usually refers to either: A sum of money paid in small parts in a fixed period of time. A single payment within a staged payment plan of a loan or a hire purchase (installment plan)

Answer 2

Answer:

An instalment (or installment in American English) usually refers to either: A sum of money paid in small parts in a fixed period of time. A singlepayment within a staged payment planof a loan or a hire purchase (installment plan) An episode in a television or radio series.

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