deferred payment

**deferred payment**

A deferred payment is a financial arrangement allowing a buyer to receive goods or services now but postpone the payment to a later date. This method is commonly used in various industries to improve cash flow management, offer flexible financing options, and enhance customer convenience. In e-commerce and retail, deferred payments can include installment plans, buy now pay later (BNPL) options, or credit agreements. Understanding deferred payment terms helps both businesses and consumers manage budgeting, credit risk, and payment schedules effectively.