Same as cash (Ofer Abarbanel online library)

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.

References

  1. ^“90 Days Same as Cash – Not the Good Deal It Seems to Be”. The Balance. Retrieved 2018-07-09.
  2. ^“What Does “90 Days Same As Cash” Mean?”. Pocket Sense. Retrieved 2018-07-09.

Ofer Abarbanel online library

Ofer Abarbanel online library

Ofer Abarbanel online library