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What is it called when you put a down payment on an item or a product?
Wiki User
∙ 12y ago
You are putting the item on layaway.
Wiki User
∙ 12y ago
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The idea of making a small down payment for an item and making regular payments on it is called the?
Installment plan
The idea of making a small down payment for an item and making regular payments on it is called the .?
Installment plan
With an installment buying you take possession of the item and with a layaway you take possession of the item?
With installment buying you make a down payment, take the item and use it while paying for it. Wit layaway, you make a down payment, pay for the item over a period of time, and take it home once it is fully paid for.
How A guy said he is going 'sue me' and 'take me to court' because I didn't send his item yet and his payment on PayPal is still pending is there anything to worry about?
If you have some kind of policy that "the item will not be sent until payment is received", you should be fine.If you have no intention of sending the item, you're a scam artist, and may not only be sued, but arrested for fraud. However, you can easily argue that a "pending payment" is not a valid "payment".Once the payment is valid, I suggest you get the ball rolling, and immediately send the item that, at that point, legally belongs to the individual who bought it.Side Note: Perhaps, explaining that you'll send the item when the payment is valid, will calm the individual down.
What is the process from making an inquiry placing an order to delivery of product?
After a customer inquire about the cost of an item, he requests a quote on the item. If he likes the price, he will then place an order. The company will then issue a proforma invoice detailing all relevant information as cost, payment terms and method of delivery. The customer then makes his payment according to the terms of the proforma invoice, and the product is then shipped to the customer.
The sum is when you add what is it called when you subtract?
* In the addition of A + B = C, the item A is called the augend, the item B is called the addend and the item C is called the sum.* In the subtraction D - E = F, the item D is called the minuend, the item E is called the subtrahend and the item F is called the difference.* In the multiplication G x H = I, the item G is called the multiplicand, the item H is called the multiplier and the item I is called the product.* In the division J ÷ K = L, the item J is called the dividend, the item K is called the divisor and the item L is called the quotient.In general, only the last word in each of the above is used in everyday use.
What do you do if you bid on eBay and you are the highest bidder how do you get the product?
If you have the highest bid and win an item, the next step is to pay for it. The most common payment method on eBay is PayPal. Once paid, the seller is responsible for shipment of the item.
What is the purpose of a down payment?
Down payments are meant to protect businesses and companies from people who neglect to complete their payments on large purchases. In the event a person making payments defaults or refuses to pay, the down payment ensures the company has not lost all of the money the item being paid for was worth.
What are synonyms of the word product?
Some synonyms for the word "product" include item, merchandise, goods, and article.
Which item is usually NOT included in a mortgage loan payment?
Principal
What causes net profit margin to go down?
Net profit margin can go down because the price of a product or service decreases. It can also go down because the cost of the item increased.
What do you mean by down payment?
When purchasing an item, if it cost a large amount of money, you would be required to pay part of the cost up front. Such as when renting an apartment, you need to put down a deposit. Same idea.
