Installment vs Accrual - What's the difference?
installment | accrual |
The act of installing; installation.
(obsolete) The seat in which one is placed.
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
An increase; something that accumulates, especially an amount of money that periodically accumulates for a specific purpose
(accounting) a charge incurred in one accounting period that has not been paid by the end of it.
As nouns the difference between installment and accrual
is that 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 while accrual is an increase; something that accumulates, especially an amount of money that periodically accumulates for a specific purpose.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)- Take oaths from all kings and magistrates at their installment , to do impartial justice by law. Milton.
- The several chairs of order, look, you scour; . . . Each fair installment , coat, and several crest With loyal blazon, evermore be blest. Shakespeare.