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Award vs Installment - What's the difference?

award | installment |

As nouns the difference between award and installment

is that award is (legal) a judgment, sentence, or final decision specifically: the decision of arbitrators in a case submitted while installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different times, the amounts and times (often equal namely regular, eg mensual) being often definitely stipulated.

As a verb award

is (legal) to give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge; as, the arbitrators awarded damages to the complainant.

award

English

(wikipedia award)

Noun

(en noun)
  • (legal) A judgment, sentence, or final decision. Specifically: The decision of arbitrators in a case submitted.
  • (legal) The paper containing the decision of arbitrators; that which is warded.
  • A trophy or medal; something that denotes an accomplishment, especially in a competition. A based on merit.
  • (obsolete) Care, keeping.
  • *, Bk.VIII, Ch.ix:
  • *:Than the kynge for grete favour made Tramtryste to be put in his doughtyrs awarde and kepying, because she was a noble surgeon.
  • A negotiated minimum wage that is set for a particular trade or industry; an .
  • *1970 , Kenneth Frederick Walker, Australian Industrial Relations Systems , p.242,
  • *:The AMIEU[(Australian Meat Industry Employees Union)] first developed into a powerful organisation in the early years of the twentieth century, and after the first industry-wide collective agreement was made in 1911, collective bargaining prevailed in the industry until 1917, when the employers sought an award' from the Queensland Industrial Court. The first ' award was issued on March 12, 1918.
  • *2000 , Mark Wooden, The Transformation of Australian Industrial Relations , p.42,
  • *:A further 17 per cent responded that the agreement replaced ‘most’ aspects of the award', leaving the large majority (67 per cent) claiming that the agreeement replaced only ‘some’ aspects of the ' award .
  • *2007 , (Australian Bureau of Statistics), 2007 Year book, Australia , p.182,
  • *:Employees whose pay is set by ‘award' only’ are those who have their pay set by an '''award''', and who are not paid more than the ' award rate of pay.
  • Verb

    (en verb)
  • (legal) To give by sentence or judicial determination; to assign or apportion, after careful regard to the nature of the case; to adjudge; as, the arbitrators awarded damages to the complainant.
  • * Dryden
  • To review / The wrongful sentence, and award a new.
  • To determine; to make or grant an award.
  • to give an (prize) for merit
  • He was awarded the Nobel Prize for Literature.

    Synonyms

    * (make or grant an award) crown

    Derived terms

    * awardee * awarder

    installment

    English

    Alternative forms

    * instalment (Commonwealth)

    Etymology 1

    From install, itself from (etyl) installer, from installare, from (etyl) in- + ML stallum 'stall' (from Germanic stal, see below)

    Noun

    (en noun)
  • The act of installing; installation.
  • Take oaths from all kings and magistrates at their installment , to do impartial justice by law. Milton.
  • (obsolete) The seat in which one is placed.
  • The several chairs of order, look, you scour; . . . Each fair installment , coat, and several crest With loyal blazon, evermore be blest. Shakespeare.
    Synonyms
    * investiture, investment * installation

    Etymology 2

    A 1732 alteration of (estallment), from (etyl) : The sense of "part of a whole produced in advance of the rest" is from 1823.

    Noun

    (en noun)
  • A portion of a debt, or sum of money, which is divided into portions that are made payable at different times. Payment by installment is payment by parts at different times, the amounts and times (often equal namely regular, e.g. mensual) being often definitely stipulated.
  • a part of a broadcast or published serial.
  • anything that is performed in parts, spread in time
  • Usage notes
    For this sense in the UK, the OED permits only the spelling instalment . Commonwealth usage varies.
    Synonyms
    * (portion of a debt) * (part of a broadcast or published serial) episode, part

    References

    * * * [http://www.etymonline.com/index.php?search=installment+&searchmode=none]