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What do you call an arrangement of receiving money or goods or services now in exchange for the promise of payment later?

credit


Can you confirm that no goods or services were provided in exchange for the payment made?

Yes, I can confirm that no goods or services were provided in exchange for the payment made.


What is a Arrangement for deferred payment for goods and services?

credit


Where can you get 2000 pounds?

You can obtain 2000 pounds by withdrawing it from a bank, exchanging it at a currency exchange bureau, or receiving it as payment for goods or services.


Can a teacher provide tutoring services to a student in exchange for payment?

Yes, a teacher can provide tutoring services to a student in exchange for payment, as long as it does not violate any school or district policies.


What is meant by payment term DP 60 days?

Payment term "DP 60 days" refers to a financial arrangement where payment is due 60 days after the delivery of goods or services. "DP" stands for "Documents against Payment," indicating that the seller retains control over shipping documents until payment is made. This term is commonly used in international trade to ensure that the buyer has a specified timeframe to arrange payment after receiving the goods.


How is a pioneer baker got paid by pioneers?

A pioneer baker would typically be paid by pioneers through various methods such as bartering for goods or services, receiving payment in the form of currency or trade items, or providing baking services in exchange for food, shelter, or other necessities. Payment would depend on the agreement made between the baker and the pioneers.


What is the difference between payment and honorarium?

Payment is the transfer of money in exchange for some goods or services rendered, and is usually agreed upon by both parties prior to the exchange. If the arrangement is on-going, the payment is often a matter of contractual agreement. An honorarium is usually a gift in the form of money, often for a one-time service of some kind. In the case of honoraria the nature of the thing rendered is such that fixing a fee for it seems vulgar or otherwise inappropriate.


Which type of insurance contract requires a lumps or periodic payment in exchange for receiving periodic payments from the insurance payment?

Whole Life, Universal Life, as well as Annuities can be used for this purpose.


What is meant by payment term OA 90 days?

Payment term OA 90 days refers to "open account" payment terms where the buyer is allowed to pay the seller within 90 days after the invoice date. This arrangement typically indicates a trust-based relationship, as the seller ships goods or provides services without requiring immediate payment. It is common in business-to-business transactions, allowing buyers to manage their cash flow effectively while still receiving the products or services needed.


Is any medium of exchange that is widely accepted in payment for goods and services and in settlement of debts?

it's money


Which type of insurance contract requires a lump-sum or periodic payment in exchange for receiving periodic payments from the insurance payment?

Whole Life, Universal Life, as well as Annuities can be used for this purpose.