What is a deferred credit

what is a deferred credit

What is some information on how credit cards work?

Full Answer

An exporter should submit the necessary documents to his bank soon after dispatching the goods in order to avoid delaying the start of the deferral period. An exporter must agree with the importer on the interest rate to be paid by the importer for deferring the payment. An importer's bank typically charges a letter of credit fee, a commitment and management fee, and a margin for the deferred payment letter of credit. In some cases, an exporter must pay a premium to an export credit agency to provide a guarantee on the deferred payment letter of credit, if the bank requires such a guarantee.

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Related Questions

What happens if you don't pay a payment on an item from QVC?

Missing a payment on a QVC Easy Pay plan results in the loss of the buyer's right to purchase other items using Easy Pay. The buyer must make the missed payment or return the item to prevent QVC from sending the account to a collection agency.

What is a credit authorization form?

A

credit authorization form is a document that businesses utilize to obtain a customer's permission to charge the customer's credit or debit card for payment for goods or services, according to Extended Stay America. The customer must complete and sign the form for the authorization to take effect.

Will credit cards refund eBay purchases if the post office has delivered them, but I did not receive them?

In a case involving a package delivered but not received by the actual purchaser, the buyer must contact the credit card company directly and open a dispute. When there is no malice involved on the seller's end, the credit card company may side with either the buyer or seller. In most cases, credit card companies will issue a refund when the buyer did not receive the item from a seller.

What is a 30-60-90 credit plan?

A 30-60-90 credit or payment plan refers to a payment plan that splits the cost of the purchased goods over three months, typically with no interest added. As of 2015, this payment plan is offered for a wide variety of goods, such as eyewear, hardware stores or jewelry.

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Category: Credit

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