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Deferred payment

A payment under which the total balance of principal and an amount for finance charge is put off until the future. This balance is paid by means of instalments over a long period.

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Related terms

deferred payment
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Expression used for a letter of credit with a deferred payment date (e.g., 90/120/180 days after the date of the bill of lading). No draft is required.

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A payment under which the total balance of principal and an amount for finance charge is put off until the future. This balance is paid by means of installments over a long ...

deferred payment
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A payment postponed until a future date.

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A letter of credit issued for the purchase and financing of merchandise, similar to acceptance–type letter of credit, except that it requires presentation of sight drafts payable ...

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