If you cannot afford to pay the amount in sum, you can pay it in monthly installments with an interest rate.
synonyms
part
word origin — mid 18th century (denoting the arrangement of payment by installments): alteration of obsolete estalment (probably by association with installation), from Anglo-Norman French estalement, from Old French estaler ‘to fix’
Business — Set 15
Set 15 of Business covers 5 words: installment, bankruptcy, monopoly, asset, retail. Each entry below includes its definition, an example sentence, and synonyms — practice them with the interactive cards above.
installment · noun/ɪnˈstɔlmənt/
payment in parts
If you cannot afford to pay the amount in sum, you can pay it in monthly installments with an interest rate.
Synonyms: part
Origin: mid 18th century (denoting the arrangement of payment by installments): alteration of obsolete estalment (probably by association with installation), from Anglo-Norman French estalement, from Old French estaler ‘to fix’
bankruptcy · noun/ˈbæŋkrəp(t)si/
the state of being unable to pay debts
Just about a decade ago Airbnb was on the verge of bankruptcy. Their revenue was far from profitable.
Synonyms: insolvency
monopoly · noun/məˈnɑpəli/
exclusive possession of something
When you have a monopoly you can ask any price you like.
Synonyms: ownership
Origin: mid 16th century: via Latin from Greek monopōlion, from monos ‘single’ + pōlein ‘sell’
asset · noun/ˈæˌsɛt/
valuable property owned by a person or a company
Traditionally, copper is an asset that increases in value when the economy does well.
Synonyms: belonging, capital
Origin: Middle English (in plural in the sense ‘sufficient estate to allow discharge of a will’): from an Anglo-Norman French legal term, from Old French asez ‘enough’, based on Latin ad ‘to’ + satis ‘enough’
retail · noun/ˈriˌteɪl/
the selling of goods to consumers; usually in small quantities
The most important element in the retail business is the customer.
Synonyms: NONE
Origin: late Middle English: from an Anglo-Norman French use of Old French retaille ‘a piece cut off’, from retaillier, from re- (expressing intensive force) + tailler ‘to cut’