deferred payment
Buy now, later
Deferred payment is an arrangement where payment for goods or services is delayed until a later date.
The buyer receives what they're purchasing now but pays later—whether in installments or as a lump sum: The store offers deferred payment plans for large appliances.
Layaway, financing agreements, and buy-now-pay-later schemes are all forms of deferred payment.
- layawayDeferred purchase arrangement
- buy now pay laterInstallment option at checkout
- easy paymentsDivided purchase cost over time
- installment planPeriodic payment arrangement
- grace periodAllowed delay before consequences
pay later · repayment terms · credit line · financing · promissory note · zero interest · net 30 · revolving credit · no money down · contractual obligation · interest rates · monthly · financial guarantee · loan · maturity · due date · terms · billing
- paymentscredit cards, debit cards, credit card, debit card, paycheck
- credit termsloans, installment loan, credit limits, credit cards, interest rate
- Payment Plansmonthly payments, installment loan, financing, easy payments, financing plans
- payment termspast due, late payments, late fee, late fees, final notice
- money functionsmedium of exchange, store of value, purchasing power
- loansloan, loans, lend, borrow, auto loans
deferred paymentupfront payment
Initial sum before delivery
advance payment · prepayment · cash on delivery · instant payment · cash payment
deferred paymentcash deal
Transaction using physical money
cash sale · cash payment · no credit · cash on the barrelhead · cash and carry