Economy

What is deferred payment? »Its definition and meaning

Anonim

A deferred payment is one that is made after the time of the purchase and sale relationship. A certain time is established for the cancellation of the money or good that has been offered. We know it in society as credit, when we acquire a product or service and we do not pay immediately, a deferred payment is generated that is worth the redundancy, it must be paid within the term established between the seller and buyer. There are several types of deferred payment, most of which differ in the way or reason in which they are canceled.

In a purchase and sale relationship, there are two fundamental parties, the debtor, who pays for the product or service that the creditor offers or offers. In the middle of this relationship is the legal norm, which establishes that the debtor pays and the creditor delivers what corresponds to the collected or leased value. Although this rule is not relaxed, there are "Facilities" that create a different type of commerce, in which payment is not made automatically but after the date of use of the product or service.

This market has two basic advantages, one for each of the parties, by the debtor, it is favorable because it facilitates the payment that can be in installments or fractioned, making the buyer enjoy without having the value of it at the time, in addition If what the debtor obtains with a deferred payment cannot be paid at once because he does not earn enough money, this will be the ideal way to obtain what he wants.

For the seller, it is an additional credit, a portfolio that, if positive, will generate more income as there are more credit customers, because the seller or service provider earns an extra figure for the loan he makes, called "Interest", the which is an amount that is accumulated for the time that the buyer has been with the product or service without canceling, for each interval of time without paying, plus interest corresponds to the creditor. If the customer pays on time, the seller still wins, because he maintains a good credit history and good relationship with his counterpart.