Different types of payment terms include cash in advance, deferred payment and cash on delivery, according to BusinessDictionary.com. These are conditions that allow the buyer to make payments on a specified date.Know More
Investopedia.com notes that cash in advance is money that is paid before a product is delivered. This payment term is common in the exporting business, especially with international exports. Cash in advance terms protect the exporter if the importer doesn't pay for the items.
Cash on delivery occurs when payment is made when the product arrives, according to Investopedia.com. The item is shipped back to the seller if payment is not made. Shipping companies use cash on delivery, and it protects the buyer from purchasing fraudulent items.
BusinessDictionary.com notes that deferred payments are payment obligations that are delayed until the buyer can begin the payment plan. Deferred payments may be 30 days or longer, depending on the provisions of the agreement.Learn more about Credit & Lending
While practical mortgage options exist for as little as 3.5 percent down, at least 20 percent is ideal to avoid paying mortgage insurance. Conventional lenders typically look at 20 percent as a serious investment in the property and consider the loan less risky.Full Answer >
American Automobile Association gift cards are Visa gift cards, and the AAA details the terms on its website. They are usable at any retail location that accepts Visa cards as payment.Full Answer >
The primary effect of not paying a mortgage payment is the negative effect on your credit score. Missing mortgage payments affects your credit score greatly due to the large amount of money being loaned in any mortgage.Full Answer >
Sam's Club accepts Discover as a form of payment in stores and online as of 2015, according to the company. Sam's Club stores also accept Sam's Club cards, cash, check, debit cards and Wal-Mart credit cards, among other payment methods. The online store accepts American Express and Visa.Full Answer >