immediate payment

Found in Anh - Anh (Wordnet)

Definition Noun 1. Prompt payment for goods or services in currency or by check : The act of settling a financial obligation at once, without delay, using cash, its equivalent, or a check, as opposed to using credit or deferred payment terms. Usage This term is used in commercial, retail, and financial contexts to specify a transaction condition where payment is required at the point of sale or...