What is Deferred Payment

[EDALENE]

Hello , i was windows Shopping Through a mall, i saw a nice 42 inch plasma, but it price was really high, so i did not bother to went , but i would like to purchase it , i actually to mode of payment writtern there ,debit card and deferred payment , i cannot understand what does it mean Deferred Payments, it is different from the debit payment , please help me thanks in advance

[Rob Dizzle]

The deferred payment is the period, usually at the beginning of the loan, during which the borrower does not repay the capital or any amount , it can be from the duration of 1 months to several months

[GusFraba]

If there are several large purchases to achieve over a short period,then payment can be spread over two months instead of one. On the negative side, the deferred payment of credit card transactions require a good account management. The money equivalent to the total operations of 20 cards issued the previous month until the 20th of this month should be on the account at month end. Where the accounts are held randomly discovered situations may arise more easily which leads to inevitable problem

[Damiano]

The period of deferred payment (or grace) is the period during which no repayment of principal is made. Only the interest and fees will be collected at each maturity. Deferred payments have to do with debts that are created today but are not due for payment until some agreed upon date in the future. The future process of payment may involve settling the entire debt on or before a specified date, or may be structured by commencing installment payments that will be begin on a specified future date and continue until the debt is fully retired