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WordNet-Online
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Definitions from WordNet
Noun deferred payment has 1 sense
- credit, deferred payment - arrangement for deferred payment for goods and services
--1 is a kind of payment
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Definitions from the Web
Deferred Payment
Description:
Deferred payment refers to a payment arrangement where the buyer is allowed to delay the payment for goods or services until a later date, typically after receiving the product or service.
Examples:
As a noun:
- He bought the new laptop on deferred payment, allowing him to pay for it in monthly instalments.
- The company offered a deferred payment plan for customers who couldn't pay the full amount upfront.
As an adjective:
- The store provided a deferred payment option for the expensive furniture, making it more affordable for customers.
- The deferred payment policy helped attract more customers to the online store.
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