Instalment

A part of a debt due by contract, and agreed to be paid at a time different from that fixed for the payment of the other part. For example, if I engage to pay you one thousand dollars, in two payments, one on the first day of January and the other on the first day of July, each of these payments or obligations to pay will be an instalment. In such case, each Instalment Is a separate debt so far that it may be tendered at any time, or the first may be sued for although the other shall not be due; 3 Dane, Abr. 493, 494; 1 Esp. 129; 1 Maule & S. 706. Successive actions may be brought for instalments as they fall due; but all sums due when an action is begun must be included in it; Puckett v. Annuity Ass’n, 134 Mo. App. 501, 114 S. W. 1039. See Saies; Performance; Independent Promises.