finance terms

Discussion in 'English Only' started by tievoli, Jan 14, 2013.

  1. tievoli Senior Member

    Hi, in a project, we need to pay service charge in 3 phases, could anyone let me know how to expre##ss each payment, the fisrt payment and the last payment in formal finance term? Thanks!
  2. boozer Senior Member

    I cannot get more formal than 'the first and last instalments'. Then, why do you need to exclude the second instalment? Ah, I am not sure I understand the question... :(
  3. JamesMag Member

    British English
    Each phase of the payment is called an instalment​.
    Last edited: Jan 14, 2013
  4. gramman

    gramman Senior Member

    You might be looking for initial installment and final installment.

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