credit sale
Buy now, later
A credit sale is a transaction where the buyer receives goods or services immediately but pays later.
The seller extends credit, creating an account receivable: Most of our revenue comes from credit sales rather than cash transactions.
Credit sales are standard in business-to-business commerce and retail financing arrangements.
- hire purchaseBuying through periodic payments
- down paymentInitial sum toward purchase
- installment purchaseBuying via periodic payments
- easy paymentsDivided purchase cost over time
- layawayDeferred purchase arrangement
zero interest · accounts receivable · net 30 · installment · promissory note · deferred payment · finance charges · consumer protection laws · contract law · factoring · payment terms · balance due · usury laws · creditworthiness · swipe · open account · monthly · buyer
- shoppingbuying, shopping cart, shop, purchases, cart
- salessales, selling, salesperson, salesman, saleswoman
- contractsbinding contracts, contract length, lease, clause, contract terms
- sales contractssales contract, sales agreement, purchase agreement, purchase contract, land contract
- Louisiana LawNapoleonic Code, community property, usufruct, successions, tutorship
payment timing
credit salecash sale
Purchase with immediate payment
upfront payment · cash on delivery · COD · cash and carry · cash-and-carry