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equal installments

[ˈiːkwəl ɪnˈstɔːlmənts]
noun
parcelas iguais
1. Fixed payments of the same amount made at regular intervals to pay off a debt or purchase
The car loan will be paid in equal installments over 5 years.
O empréstimo do carro será pago em parcelas iguais ao longo de 5 anos.
2. Uniform periodic payments that divide the total cost or debt into equal parts
She chose to pay for the furniture in equal installments of $200 per month.
Ela escolheu pagar o móvel em parcelas iguais de $200 por mês.
Synonyms
equal paymentsuniform installmentsfixed installmentsequal periodic payments
Antonyms
unequal installmentsvariable paymentslump sum payment

Regional Variations

General Brazilian
parcelas iguais
Most common term in Brazilian Portuguese
São Paulo
prestações iguais
Alternative formal term used in financial contexts
Portugal
prestações iguais
Preferred term in European Portuguese

Related Idioms & Phrases

payment plan
installment plan
pay in installments
divide into equal parts
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