installment
//ɪnˈstɔːlmənt//
Noun
installmentSingular
installmentsPlural
1
One of several parts into which a debt or payment is divided for payment at intervals.
I paid for the new sofa in six monthly installments.
2
One of the parts of a serialized story, television series, or other work published or broadcast in sequence.
The final installment of the TV series will air next week.