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A deferred payment is an arrangement in which a debt does not have to be repaid until sometime in the future. The debt might be created when a person takes out a loan, for example, or purchases a good or service. Payment for the loan, good or service can then be deferred for a certain amount of time, depending on the arrangement. In some cases, payment in full must be made by a certain date, and in other cases, multiple smaller payments can be made until the full amount has been paid. Depending on the specific arrangement, interest might be added to the amount due starting immediately or after a certain amount of time - or no interest might be added at all.

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Q: What qualifications are the deferred payments?
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Related questions

How do deferred payments for student loans work?

When student loans are deferred, the payments are put on hold for a set amount of time.


Can you sue your mortgage company in your state or do you have to sue in the state they are HQ'd in?

I LIVE IN LOUISIANA, MY MORTGAGE COMPANY GAVE ME THREE MONTHS DEFERRED PAYMENTS. NOW THEY ARE TRYING TO FORCLOSE ON MY HOME FOR THE DEFERRED PAYMENTS. I WAS SENDING PAYMENTS AFTER 2 MONTHS THEY REFUSE MY PAYMENTS BECAUSE THEY WANTED THE 2 MONTHS THAT WAS DEFERRED. CAN I SUE THAT COMPANY IN MY STate? desperate


When deferred payments usually accepted on partial orders?

Deferred payments can be accepted on partial orders depending on the company. Each business has their own policy on payment methods and acceptance.


How will a deferred payment look on your credit?

If it is a student loan, there will be a statement on the credit report. It will also show the date that payments were deferred.


I had a deferred payment and my car was stolen and never recovered. Will my full coverage or gap insurance cover the deferred payment?

Most gap insurance policies do not cover deferred payments. NOTE - do not accept an offer to settle on the deferred payments. This may reflect on your credit bureau that the debt was settled for less than the ballance in full.


What is deferred period?

A deferred period is a set period of time over which something has been delayed by agreement, for example... His student loan payments were deferred for a further twelve months.


Deferred payments are usually only accepted on partial orders that are?

delievered


Deferred payments are usually only accepted on partial orders that are...?

delievered


Deferred payments are usually only accepted on partial orders that are.?

delievered


What are the similarities of hire purchace and deferred payments?

they offer buying on credit


What is Deferred int expenses?

Deferred int expenses is a term used in accounting for business and finance. It is used to refer to the interest on loans and payments, which is considered an expense that is deferred, or expected to be paid at a later date.


Why would one need a deferred tax liability?

Deferred tax liability is necessary when a company's balance sheets fail to reflect what they are claiming on their tax returns. This can occur, for example, in cases of deferred payments from customers.