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单词 time-price differential
释义

Time-Price Differential


Time-Price Differential

A method whereby a seller charges one amount for the immediate cash payment of merchandise and another amount for the same item or items when payment is rendered at a future date or in installments.

The immediate payment price is called the cash-price; the later price is known as the time-price or credit-price. The time-price differential is the difference between the two prices.

time-price differential


time-price differential

The difference between the purchase price of a property and the higher total price paid if the purchase is financed. The Truth in Lending Act requires disclosure of the time-price differential in an installment sale contract.

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更新时间:2024/11/13 23:48:41