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What is a person who lends money or the use of goods and services for payment at a later date?
Wiki User
∙ 13y ago
A person who lends money is called a money lender or a Creditor. A person who lends the use of goods and services is called a Renter or a Seller.
Wiki User
∙ 13y ago
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What do you call an arrangement of receiving money goods or services now in exchange for the promise of payment later?
credit
What is installment trading?
Installment trading means that a person can pay for the goods over a certain time.i.e. consumer can buy the goods first and pay for them later. Got this from my notes. :D
If you defer a payment will you still have to make that payment?
yup, just at a later date - and typically a much higher amount
Why does money serve as a standard of value?
Because everyone agrees that it does. Its really just a placeholder for services rendered. This first started with animal herders getting vouchers for their livestock and then turning them in later for goods as they needed them.
How do you get credit with a very co UK account?
Looking at their home-page - they offer a 'buy now pay later' facility (BNPL). This will (once you're registered) allow you to order goods, but delay payment for them. Clicking on the BNPL tab - shows they offer 6, 9 & 12 months credit facilities, but your order needs to be a minimum of £130 to take advantages of the delayed payment facility.
What is the transfer of money goods and services to a buyer with the understanding that payment will come at a later time?
This transfer of goods and services with the understanding of payment later can be one of these three things...Credit, Loan, and sometimes barter depending on the original agreement.
What do you call an arrangement of receiving money or goods or services now in exchange for the promise of payment later?
credit
What do you call an arrangement of receiving money goods or services now in exchange for the promise of payment later?
credit
How many type of transactions are there?
Two types of transactions: Cash Transactions- Where payment is made immediately by cash or cheque. Credit Transactions- Where the goods or services hands immediately but payment take place at a later time.
What is industrial market?
industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective. industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective.
What are the uses of bank notes?
Bank notes are primarily used as a commonly accepted form of payment for goods and services. They also serve as a store of value, providing individuals with a secure way to hold wealth that can be easily exchanged for goods and services at a later time. Additionally, bank notes are essential for conducting cash transactions in situations where electronic payment methods are not feasible or accepted.
What does prepaid terms mean?
Prepayments are amounts paid for by a business in advance of the goods or services being received later on. Any payment made in advance can be considered a prepayment. A prepayment is not dissimilar to a deposit, but generally falls under a more set time period for fulfillment of the goods or service purchased.
Why money is important in life?
we use money to exchange for goods and services! before that we would barter and exchange goods and services - the main difference between the two is that with money i can swap my apples that would rot for money that doesn't and save that money for later ( when my apples would have rotted) and exchange my money for other (food) goods or services! it's a no perishable way of saving and accumulating wealth against other goods or services!
What is sale on account?
where a person or organisation buys on account, meaning they get the goods or product and will pay for them at a later date.
What services does the website Cash for Lawsuits offer?
Cash for Lawsuits works with finance companies and plaintiffs to create lawsuit advance accounts in which a person receives a lump sum payment today in lieu of receiving whatever compensation is awarded by the court later.
Are trade debtors tangible assets?
Trade debtors are persons or organizations who allows others to buy items or goods with credit and to receive payment for such goods at a later date, and tangible assets include both fixed assets and current assets. The items or goods are the assets, not the trade debtors.
When you set aside the money you have today in order to purchase goods and services later on you are using money as a?
Savings. Savings is also known as deferred expenditure.
