{"iri":"https://folio.openlegalstandard.org/R8MrugKDWYRQ8VJsgCjTudA","label":"Installment Payment","sub_class_of":["https://folio.openlegalstandard.org/RBI5p2rdv7JzHTtGyObrIcl"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"en-gb":"Instalment Payment","pt-br":"Pagamento parcelado","es-es":"Pago a plazos","es-mx":"Pago en cuotas","fr-fr":"Paiement échelonné","de-de":"Ratenzahlung","he-il":"תשלום בתשלומים","hi-in":"भुगतान का अंशदान","ja-jp":"分割払い","zh-cn":"分期付款"},"hidden_label":null,"definition":"An installment payment is a financial arrangement where a debtor repays a debt in equal, periodic payments over a specified period, often including interest or fees. These regular payments make it easier for individuals or businesses to manage their financial obligations while gradually reducing the outstanding debt.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}