Question

what is the meaning of deferred payment ??​

Answer 1

Answer:

temporary postponement of the payment of an outstanding bill or debt, usually involving repayment by instalments.

a sum of money paid under a deferred payment arrangement.

plural noun: deferred payments

Answer 2

Answer:

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.

Explanation:

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