deferred payment

Thân thiện

The customer arranged a deferred payment for the new furniture.

Definition

1. Noun:
   • An arrangement allowing for the payment for goods or services at a later date: A formal agreement or plan where the full cost of something purchased is not paid immediately but is instead paid in full or in installments after a specified period.

Usage

• This term is used in financial, commercial, and retail contexts to describe a specific payment plan. It is a formal business term.
• It typically refers to a single, agreed-upon future payment or a series of scheduled payments (installments) for a single purchase.
• Common contexts include purchasing expensive items (like furniture or electronics), business-to-business transactions, or certain types of loans.

Examples

• Noun:
  • The store offered a deferred payment plan with no interest for six months.
  • We agreed on a deferred payment, with the full amount due in 90 days.
  • The contract includes a clause for deferred payment in case of cash flow issues.

Advanced Usage

• "to buy something on deferred payment": to purchase an item with an agreement to pay later.
  • They bought the new machinery on deferred payment.

Variants and Related Words

• Deferral (n): The action of delaying or postponing something, such as a payment.
  • The deferral of the tax payment was granted.
• Installment plan (n): A specific type of deferred payment where the total cost is paid in regular partial payments over time.
  • He is paying for his car on an installment plan.

Synonyms

• Credit arrangement: An agreement to receive goods or services now and pay for them later.
• Delayed payment: Payment that is postponed to a later date.

Related Phrases

• Buy now, pay later: A common marketing phrase for deferred payment offers, especially in consumer retail.
  • Many online stores promote a "buy now, pay later" option at checkout.

Học thuật

Noun

1. arrangement for deferred payment for goods and services

Từ đồng nghĩa

• credit