- 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. www.practicallaw.com. 2010.
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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
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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
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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