0
What is the transfer of money goods and services to a buyer with the understanding that payment will come at a later time?
Wiki User
∙ 8y ago
This transfer of goods and services with the understanding of payment later can be one of these three things...Credit, Loan, and sometimes barter depending on the original agreement.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
Are property taxes guaranteed paid before transfer of deed?
No. The buyer's attorney must make certain the taxes are paid by obtaining a certificate to that effect from the town.No. The buyer's attorney must make certain the taxes are paid by obtaining a certificate to that effect from the town.No. The buyer's attorney must make certain the taxes are paid by obtaining a certificate to that effect from the town.No. The buyer's attorney must make certain the taxes are paid by obtaining a certificate to that effect from the town.
Who was the hair buyer during the revolutionary war?
Henry Hamilton was dubbed the name: "Hair-buyer" by Americans in the American Revolutionary War, because he would buy the scalps of Americans from Indians.
A relationship between a producer and consumer is best illustrated by a?
Animals: Grass (producer) and a Cow (consumer) Economy: Factory (producer) and Buyer (consumer)
Caveat emptor means that the producer will be protected against fraudulent business practices but most protect the consumer?
For most of its existence as a legal guideline for commercial transactions, the "caveat emptor" principle has generally operated on dual levels: first, to protect producers (as well as mediating sellers); second, to protect consumers. Applied in particular commercial contexts, its meaning can vary greatly. It should also be noted that, in recent years, it has come to be qualified more as a consumer-protection principle.
Can you use collegiate fabric to make items for sale legally?
Technically you can use collegiate fabric to make items for sale legally. There are several court cases that have come about due to this type of use and in most verdicts the judge decided in favor of the use of the fabric as long as the item is clearly marked so that a buyer will know that the particular college did not create the item. This is a verdict of "first buyer usage." Many people avoid the use of collegiate fabric because they would rather not tackle a court case.
Difference between buyers credit and letter of credit?
Buyer's credit is extended to finance the purchase of goods or services. A letter of credit guarantees that a payment will be received. If the buyer doesn't make a payment, the bank has to pay.
What is mns2 payment terms?
From a GM related company... "The payment date is set forth in the Line Item Detail of this contract, or if not stated, shall be the date established by Buyer's Multilateral Netting System (MNS-2), which provides, on average, that payment shall be made on the second day of the second month following, in the case of the Buyer's North American facilities, Seller's shipment date of goods or date of services, and, for all of Buyer's other locations, Buyer's receipt date of the goods or date of services."
What is invoice receipt?
An invoice or bill is a commercial document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the sale transaction only. Payment terms are independent of the invoice and are negotiated by the buyer and the seller. Payment terms are usually included on the invoice. The buyer could have already paid for the products or services listed on the invoice. Buyer can also have a maximum number of days in which to pay for these goods and is sometimes offered a discount if paid before the due date
If the buyer stop making payment will the co-buyer or the buyer be responsible for the loan?
yes
What is the difference between sale and higher puarchase?
sale refers to the ownership of the goods will transfer at the time of agreement itself. it is to seller to buyer. higher purchase refers to the payment made by the installment bases so the ownership of the goods will transfer after the payment of last installment is called higher purchase....
What is the difference between advance payment and down payment?
Down Payment: Payment, which is a loan in advance with no securities for the borrower or the buyer. Advance Payment: Payment which is connected with respective responsibilities. That means that the borrower or buyer gets some securities from the lender or vendor.
Can you transfer real estate title insurance to a buyer?
Not sure but i think can't transfer real estate title insurance to buyer
Can you sell your home with an outstanding home loan?
No. Most mortgages contain a due on transfer clause whereby the bank can demand full payment upon any transfer of title. A prudent buyer will be represented by an attorney and the mortgage will be disclosed when the title to the property is examined. The buyer's attorney will arrange to pay off the mortgage from the proceeds of the sale before any proceeds are turned over to the seller.In rare cases the bank will allow the buyer to assume the mortgage but that arrangement must be made with the bank prior to the closing.No. Most mortgages contain a due on transfer clause whereby the bank can demand full payment upon any transfer of title. A prudent buyer will be represented by an attorney and the mortgage will be disclosed when the title to the property is examined. The buyer's attorney will arrange to pay off the mortgage from the proceeds of the sale before any proceeds are turned over to the seller.In rare cases the bank will allow the buyer to assume the mortgage but that arrangement must be made with the bank prior to the closing.No. Most mortgages contain a due on transfer clause whereby the bank can demand full payment upon any transfer of title. A prudent buyer will be represented by an attorney and the mortgage will be disclosed when the title to the property is examined. The buyer's attorney will arrange to pay off the mortgage from the proceeds of the sale before any proceeds are turned over to the seller.In rare cases the bank will allow the buyer to assume the mortgage but that arrangement must be made with the bank prior to the closing.No. Most mortgages contain a due on transfer clause whereby the bank can demand full payment upon any transfer of title. A prudent buyer will be represented by an attorney and the mortgage will be disclosed when the title to the property is examined. The buyer's attorney will arrange to pay off the mortgage from the proceeds of the sale before any proceeds are turned over to the seller.In rare cases the bank will allow the buyer to assume the mortgage but that arrangement must be made with the bank prior to the closing.
What is an intermidiatel buyer?
Assuming you mean 'intermediate buyer', it is a buyer who makes use of goods and services with the intention of creating further goods or services for the benefit of the economy.
What is the transfer of products from the seller to the buyer?
Trade
Is the transfer of products from the seller to the buyer?
Trade
What is the reason for the payment of goodwill?
A payment of goodwill, sometimes called a payment of earnest, is to let a seller know that a buyer is serious about buying something. A person seeking home ownership might give this type of payment to a realtor to prove they are a serious buyer.
