deferred payment credit
A letters of credit where the seller is paid at a specified time in the future, for example, 90 days after presentation of documents or 90 days after shipment.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • deferred payment — noun arrangement for deferred payment for goods and services • Syn: ↑credit • Ant: ↑cash (for: ↑credit) • Hypernyms: ↑payment * * * deferred payment …   Useful english dictionary

  • Credit — may refer to: Debits and credits, a type of book keeping entry Credit (creative arts), acknowledging the ideas or other work of writers and contributors Course credit, a system of measuring academic coursework Credit (finance), the granting of a… …   Wikipedia

  • credit — [n1] recognition; trust acclaim, acknowledgment, approval, attention, belief, Brownie points*, commendation, confidence, credence, distinction, faith, fame, glory, honor, kudos*, merit, notice, pat on the back*, points*, praise, reliance,… …   New thesaurus

  • Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • credit — I (New American Roget s College Thesaurus) I n. faith, belief; credibility, trust; credit, borrowing power. v. t. believe, trust; credit. See accounting. II Borrowing power Nouns 1. credit, trust, score, tally, account, tab; loan (see debt);… …   English dictionary for students

  • Credit card fraud — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …   Financial and business terms

  • credit — creditless, adj. /kred it/, n. 1. commendation or honor given for some action, quality, etc.: Give credit where it is due. 2. a source of pride or honor: You are a credit to your school. 3. the ascription or acknowledgment of something as due or… …   Universalium

  • Credit (finance) — Domestic credit to private sector in 2005 …   Wikipedia

  • credit — /ˈkrɛdət / (say kreduht) noun 1. commendation or honour or acknowledgement given for some action, quality, etc. 2. a person or thing being acknowledged as a source of commendation or honour: a credit to the team. 3. influence or authority… …   Australian English dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”