Economy, asked by abaanrasul, 1 year ago

What is deffered payment

Answers

Answered by MrBhukkad

3

Answer:

A deferred payment is a loan arrangement in which the borrower is allowed to start making payments at some specified time in the future. Deferred payment arrangements are often used in retail settings where a person buys and receives an item with a commitment to begin making payments at a future date.

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