Deferred Payment
/dɪˈfɜːrd ˈpeɪmənt/
Definitions
- (n.) A financial arrangement where payment is postponed to a later date as agreed between parties.
The parties agreed to a deferred payment schedule to settle the debt over six months.
- (n.) A contractual provision allowing payment to be made after delivery of goods or services.
The contract included a deferred payment clause protecting the buyer's interests.
Forms
- deferred payments
Related terms
See also
Commentary
Deferred payment provisions should clearly specify the timing and conditions to avoid disputes over when payment is due.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.