deferred payment

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Noun1.deferred payment - arrangement for deferred payment for goods and services
payment - a sum of money paid or a claim discharged
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
The Saudi Arabia would provide oil worth $3.2 billion on deferred payment facility for one year, which would ease pressure on the country's foreign exchange reserves.
Riyadh did not want the Oil and Gas Regulatory Authority (Ogra) and the Hydrocarbon Development Institute of Pakistan (HDIP) to be involved in the testing of petroleum products to be imported from the Kingdom under the deferred payment facility, according to a story published.
The UAE had pledged to provide $3.2 billion deferred payment facility but unfortunately it dragged its feet later for undisclosed reasons.
Riyadh will provide Islamabad deferred payment facility for import of oil, worth up to $3 billion.
Now, the petroleum division has tabled a summary before the Economic Coordination Committee (ECC) on an urgent basis asking it to relax rules so the deferred payment facility could be availed to ease pressure on the country's foreign exchange.
However, a $3.2 billion oil on deferred payment facility is being awaited from the UAE.
Under the financial package, Saudi Arabia had agreed to provide three billion dollars to Pakistan as balance of payment support besides providing oil on deferred payment for three years.
Aggregate consideration for the vessels will be approximately $46.0M, of which 30% will be paid in cash and 70% will be paid under a four-year deferred payment agreement between SEACOR Marine and COSCO Zhoushan.
"It was also agreed that a one year deferred payment facility for import of oil, up to $3 billion, will be provided by Saudi Arabia.
It also agreed to another $3 billion on deferred payment for import of oil, the statement added.
Splitit launched its Deferred Payment solution allowing users to defer payments for an item until the end of a trial period of up to 90 days.

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