Deferred Payment Letter Of Credit

Business, Legal & Accounting Glossary

  1. Home
  2. Glossary
  3. Define: Deferred Payment Letter Of Credit

Definition: Deferred Payment Letter Of Credit

Deferred Payment Letter Of Credit
Cite Term
Sources

Full Definition of Deferred Payment Letter Of Credit

A type of letter of credit that enables the buyer in a transaction to pay the seller and receive the goods immediately, and to pay the bank back for the sale amount at a later date. Also called a usance letter of credit.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/deferred-payment-letter-of-credit/
Modern Language Association (MLA):
Deferred Payment Letter Of Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 19, 2024 https://payrollheaven.com/define/deferred-payment-letter-of-credit/.
Chicago Manual of Style (CMS):
Deferred Payment Letter Of Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/deferred-payment-letter-of-credit/ (accessed: May 19, 2024).
American Psychological Association (APA):
Deferred Payment Letter Of Credit. PayrollHeaven.com. Retrieved May 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/deferred-payment-letter-of-credit/

Definition Sources

Definitions for Deferred Payment Letter Of Credit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.