Acceptance credit is always available by the draft/bill of exchange, whereas a deferred payment cerdit may and may not be available by the draft/bill of exchange.
give three similarities and three difference between hire purchases and deferred payment
Ah, what a lovely question! Usance and deferred payment LCs both involve payment terms in trade transactions, but there's a subtle difference. Usance LC allows the buyer a specific period after receiving the goods to make the payment, while deferred payment LC allows the buyer to make the payment at a later date agreed upon in the LC. Both methods offer flexibility and trust between the parties involved in the transaction.
differecences between banker's acceptance and letter of credit
the major difference is the commercial paper does not carry a payment guarantee made by a bank where as the bankers note catties that guarantee
Hire purchase (HP) involves acquiring an asset through an agreement where the buyer pays an initial deposit followed by regular installments, with ownership transferring only after the final payment. In contrast, deferred payment allows a buyer to acquire an asset immediately while delaying payment to a later date, often without installment payments. While HP typically includes interest and fees, deferred payment may or may not involve additional costs. Essentially, HP is an installment plan leading to ownership, while deferred payment is a credit arrangement for a future lump sum payment.
give three similarities and three difference between hire purchases and deferred payment
Ah, what a lovely question! Usance and deferred payment LCs both involve payment terms in trade transactions, but there's a subtle difference. Usance LC allows the buyer a specific period after receiving the goods to make the payment, while deferred payment LC allows the buyer to make the payment at a later date agreed upon in the LC. Both methods offer flexibility and trust between the parties involved in the transaction.
difference between offer and acceptance?
difference between offer and acceptance?
........hire purchases,-propert is on the possession by the buyyer,but the right to own the goods remain to the seller until to the last installment paid.,.while DEFERRED PAYMENT- the right to own the propert shift to the buyyer soon after pay the down payment,but the p possession of propert is remain to the hands of the seller until the last installment is paid
What is difference between payment for honorarium
The acceptance, or non-acceptance, of Jesus as savior.
differecences between banker's acceptance and letter of credit
tell me
tell me
The acceptance, or non-acceptance, of Jesus as savior.
Deferred output tax is recorded by the seller for the sale of things on credit, and the standard output tax is recorded for the sale of things that were paid for with cash.