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It is one and the same thing. Only in the United States it is spelt installment. In Canada as well as in other English speaking countries the spelling is only instalment.

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โˆ™ 2010-04-26 13:33:08
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Q: What is the difference between instalment and installment?
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The spelling of the word is "instalment" (British English) or "installment" (US English), meaning a timed portion, from the verb to install.*The British spelling follows the rule that a word ending in a double L drops the second L when adding endings that start with a consonant (so install plus -ment becomes instalment).


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