Deferred Payment (Noun)
Meaning
Arrangement for deferred payment for goods and services.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company offers a deferred payment plan for customers who need time to pay for their purchases.
- The deferred payment arrangement allowed the customer to pay for the furniture over a period of 12 months.
- The store provides a deferred payment option for students who need to buy expensive textbooks.
- The deferred payment schedule was set up to help the customer pay for the car in installments.
- The deferred payment agreement between the supplier and the buyer allowed for payment to be made 60 days after delivery.