Definition of deferred payment in English:

Share this entry

deferred payment

Entry from British & World English dictionary

noun

[mass noun]
1Temporary postponement of the payment of an outstanding bill or debt, usually involving repayment by instalments.
Example sentences
  • The main attraction of using credit cards revolves around the idea of deferred payment.
  • This approach to the fees, which include a moratorium and deferred payment, is realistic given the current economic climate.
  • The company's expenses for the second quarter reflect a $250,000 purse expense reduction as a result of the deferred payment of some outstanding loans.
1.1 [count noun] A sum of money paid under a deferred payment arrangement.
Example sentences
  • Defence costs, excluding deferred payments at 48.1 billion rupees in 1999, were lower than the 51 billion rupees in 1998.
  • His deferred payments over the years amounted to loans to the New York Stock Exchange for which he could reasonably assume to be compensated.
  • It could include players accepting a deferred payment of part of their salaries.

For editors and proofreaders

Line breaks: de|ferred pay|ment

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.