Define: Delayed Payment

Delayed Payment means funds credited to an account on a date or at a time later than specified in the transfer or payment details

Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI

Delayed Payment means funds credited to an account on a date or at a time later than specified in the transfer or payment details.

Relevant Circumstances

Payment processing through a digital platform
Delayed payment terms in business-to-business transactions
Payment terms in a loan contract

Relevant Sectors

Finance
Retail
Supply Chain