Deferred payment merchandise

Term · Insurance and risk management · MLC-T-INS-001107

Goods purchased where the buyer takes possession immediately but makes payment at a later agreed-upon date or in installments. While not directly an insurance product, the risk of non-payment by the buyer can be mitigated through credit insurance or by the seller retaining a security interest in the merchandise. This arrangement is common in retail and wholesale trade.

Table 1. Record
Identifier	MLC-T-INS-001107
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001107",
  "term": "Deferred payment merchandise",
  "field": "Insurance and risk management",
  "definition": "Goods purchased where the buyer takes possession immediately but makes payment at a later agreed-upon date or in installments. While not directly an insurance product, the risk of non-payment by the buyer can be mitigated through credit insurance or by the seller retaining a security interest in the merchandise. This arrangement is common in retail and wholesale trade.",
  "url": "https://mlchart.com/terminology/insurance/deferred-payment-merchandise/"
}

Record 936 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.