JAMB - Commerce (2023 - No. 66)
Good and services transferred from seller to buyer without immediate payment is referred to as
leasing
hire purchase
credit sale
mutual understanding
Paaiškinimas
A credit sale is a sale in which the customer does not pay in full at the time of purchase, but agrees to pay later. The seller transfers the ownership of goods or services to the customer and expects to receive payment in the future.