# Installment Payment

**IRI:** https://folio.openlegalstandard.org/R8MrugKDWYRQ8VJsgCjTudA

## Labels

**Translations:**

- de-de: Ratenzahlung
- en-gb: Instalment Payment
- es-es: Pago a plazos
- es-mx: Pago en cuotas
- fr-fr: Paiement échelonné
- he-il: תשלום בתשלומים
- hi-in: भुगतान का अंशदान
- ja-jp: 分割払い
- pt-br: Pagamento parcelado
- zh-cn: 分期付款

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RBI5p2rdv7JzHTtGyObrIcl

**Deprecated:** False