What is another word for deferred payment?

47 synonyms found


[ dɪfˈɜːd pˈe͡ɪmənt], [ dɪfˈɜːd pˈe‍ɪmənt], [ d_ɪ_f_ˈɜː_d p_ˈeɪ_m_ə_n_t]

Deferred payment is a term that is commonly used in finance and accounting, which refers to a payment or a series of payments that are postponed to a later date. This type of payment arrangement is often used by businesses to allow customers to purchase goods or services without having to make an upfront payment. Some synonyms for deferred payment include postponed payment, delayed payment, credit, installment plan, and payment arrangement. Other related terms include layaway, hire purchase, and lease-to-own. Regardless of the term used, deferred payments offer a convenient way for consumers to manage their finances and make purchases over time without having to pay the full amount upfront.

How to use "Deferred payment" in context?

Deferred payment is a common way for businesses to delay payment for goods or services. Deferred payment allows businesses to plan for future payments, which can save them money in the short and long term.

When companies defer payment, they often set a specific date for when the invoice must be paid. Most businesses will not allow payments to be made past the due date. If payment is not received by the due date, the business may have to file a lawsuit or take other steps to collect the money.

Word of the Day

divider, segregator, Detailer, Divorcer, Estranger, Isolator, severer.