/ɪnˈstɔːlmənt ˈkɒntrækt/ – Phrase
Definition: Hợp đồng trả góp.
A more thorough explanation: an agreement that states that payment of the purchase price will be paid periodically to the seller in smaller sums over a certain period of time
Example: Most car loans that are offered at new car dealerships are written as retail instalment contracts.