A method whereby a seller charges one amount for the immediate cash payment of merchandise and another amount for the same item or items when payment is rendered at a future date or in installments.
The immediate payment price is called the cash-price; the later price is known as the time-price or credit-price. The time-price differential is the difference between the two prices.
"Time-Price Differential." West's Encyclopedia of American Law. . Encyclopedia.com. (July 18, 2019). https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/time-price-differential
"Time-Price Differential." West's Encyclopedia of American Law. . Retrieved July 18, 2019 from Encyclopedia.com: https://www.encyclopedia.com/law/encyclopedias-almanacs-transcripts-and-maps/time-price-differential
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