avbetalning — meaning in English
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English meaning
- installment noun One part of something released or paid in a series over time.
Senses
avbetalning is used for these senses in English:
- down payment (legal, finance) A payment representing a fraction of the price of something being purchased, made to secure the right to continue making payments towards that purchase.
- installment (banking, finance) Any of a series of portions of a debt or sum of money, which portions may or may not be equal in amount (depending in part on whether the interest rate is fixed or variable), and payment of which takes place at regular intervals toward satisfaction of the total. Payments are generally mensual, quarterly, triannual, biannual, or annual.
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