an installment: a payment as part of a debt (usually paid at regular intervals); an episode noun
Installment is used for payments spread over a period of time, if it is one payment per month for 6 months, each payment is an installment.
a monthly installment: a payment that happens every month (usually as part of a debt) idiom
  • "I suggest that it be deducted from your salary in monthly installments of 300 dollars for the next four months."

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