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Q: What is the difference between a purchase and payment?
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What is the difference between a purchase and a payment on a credit card statement?

A purchase would be buying something. A payment would be a payment on the card itself, towards the balance of the available credit.


What are the differences between hire purchase transaction and deferred payment?

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What is the difference between a mortgage and monthly rent?

Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.Monthly rent is payment for using someone else's property.A mortgage payment is payment for a loan you obtained to purchase real property that you own.


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Difference between buyers credit and letter of credit?

Buyer's credit is extended to finance the purchase of goods or services. A letter of credit guarantees that a payment will be received. If the buyer doesn't make a payment, the bank has to pay.


What is the difference between gross payment and net payment?

Gross = Before TaxesNet= After Taxes


What is the difference between sale and higher puarchase?

sale refers to the ownership of the goods will transfer at the time of agreement itself. it is to seller to buyer. higher purchase refers to the payment made by the installment bases so the ownership of the goods will transfer after the payment of last installment is called higher purchase....


What is the difference between the buying and purchasing?

If consumer directly involved then we may say buy, if consumer indirectly involved then we may say purchase.


What is the difference between a credit memorandum and a debit memorandum?

A Debit Memo is a over payment A Credit Memo is a over payment


How does a reverse mortgage purchase work?

Similar to a purchase with a regular mortgage. The difference is that you need a large enough down payment to qualify, and you won't ever have to make a mortgage payment on the new home.


What is the difference between usance and deferred payment LC?

No difference as both are alternate names of each other