Economy, asked by ishanisingh03, 8 months ago

what is the meaning of deferred payment ??​

Answers

Answered by yashjames72
2

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

Answered by IᴛᴢBʟᴜsʜʏQᴜᴇᴇɴ
5

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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