Finance:Same as cash

From HandWiki
Short description: Term used in retail to attract buyers


In retailing, same as cash is a term used by retailers to offer things which you can buy without paying any interest, usually within 30, 60, or 90 days, and occasionally six months. It is a deferred payment on purchases. If the payment becomes overdue interest would be charged from day one at the pre specified interest rate.[1]

This kind of finance is usually offered by furniture, consumer electronics and car retailers.[2]

Others similar terms used are interest free purchasing.

See also

References

  1. ↑ "90 Days Same as Cash - Not the Good Deal It Seems to Be" (in en). The Balance. https://www.thebalance.com/90-days-same-as-cash-not-great-deal-960022. 
  2. ↑ "What Does "90 Days Same As Cash" Mean?" (in en). Pocket Sense. https://pocketsense.com/90-days-same-cash-mean-10099.html. 




Retrieved from "https://handwiki.org/wiki/index.php?title=Finance:Same_as_cash&oldid=2595281"