fixed instalment system
noun[C]
ukusACCOUNTING
amethodofdepreciating(=spreadingthecostof something over severalfinancialyears)anassetin a company'saccountsin which the sameamountissubtractedeveryyear:
Wedecidedtodepreciatethemachineryat 10%perannumunder thefixedinstalmentsystem.
See also
straight-line method