Same as cash
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
[edit]References
[edit]- ^ "90 Days Same as Cash - Not the Good Deal It Seems to Be". The Balance. Retrieved 2018-07-09.
- ^ "What Does "90 Days Same As Cash" Mean?". Pocket Sense. Retrieved 2018-07-09.
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