Deferred payment

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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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
Acronym-Abbreviation:

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Related terms

deferred payment

Banking; Investment banking

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.

deferred payment

Real estate; General

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

Banking; General banking

A payment postponed until a future date.

deferred payment letter of credit

Transportation; Ocean shipping

A letter of credit that allows the buyer to take possession of goods by agreeing to pay the issuing bank or the confirming bank at a fixed future date.

deferred payment LC

Transportation; Shipping

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 ...

deferred payment annuity

Financial services; General Finance

An annuity that stipulates payments be made to the annuitant at a later date, such as when the annuitant reaches a certain age.

lymph hearts

Biology; General

Contractile enlargements of vessels that pump lymph back into the veins; found in fish, amphibians, and reptiles.

lungs

Biology; General

Sac-like structures of varying complexity where blood and air exchange oxygen and carbon dioxide; connected to the outside by a series of tubes and a small opening. In humans, the ...

lymphocytes

Biology; General

White blood cells that arise in the bone marrow and mediate the immune response; include T cells and B cells.

lysosomes

Biology; General

Membrane-enclosed organelles containing digestive enzymes. The lysosomes fuse with food vacuoles and enzymes contained within the lysosome chemically breakdown and/or digest the ...