Question

What is a Debt deferred Business Model ?

Answer 1

Debt is something you have to pay in future. Debt deferred means debt is created but is not due for payment now. It will will due at some later dare on an agreement in future. Here the customer is buying first and paying later on. The debt may be paid later on in bulk or in installments as per the agreement. Considerable credit checks are done before allowing debt deferred to any debtor. Failure to pay within the stipulated time will attract interest as per the agreement or the prevailing law in force. This is the concept of debt deferred Business model.