The first installment is one month. Generally speaking, things can be divided into 3, 6 and 12 periods, that is, 3 months, 6 months and 12 months.

Installment payment is mostly used for some high-value product transactions. Common installments include credit card installment, loan installment and mortgage installment. A cycle is a billing cycle: one month. For example, 12 points 12 months, once a month.

Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed.