Installment agreement – in the area of the Contracts & Obligations Law this term refers to a type of contract, used usually in off-plan property purchases, where the price has agreed to be paid on various installments payable by the buyer during the construction process and called “advance payments”– on specific dates or the better option, on specific stages of completion reached. Contact us for more information before signing, if this is your case.

See also http://taxes.about.com/od/taxdebts/qt/irs-installment-agreements.htm