payment default

The risk that a counterparty fails to pay for goods or services delivered, causing financial losses, bad debts, and negative impacts on liquidity and ...

A court or authority order prohibiting a debtor from making certain payments to creditors.

Payment deferral is the postponement of a payment beyond the originally due date, typically arranged through contractually agreed payment terms or neg...

Deferred payment is a payment term under which the buyer pays for goods or services at a later, agreed date after delivery or receipt of the goods.

An instruction or measure that temporarily prevents or delays the release of payment to suppliers, carriers or other business partners, typically for ...

A situation in which the buyer fails to make payment under a contract that uses Incoterms; Incoterms themselves do not specify payment terms or remedi...