Definition of DEFERRED PAYMENTS in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.
Definition of DEFERRED PAYMENTS
Payments of principal or interest postponed to a future time; installment payments; a method of paying insurance proceeds. (Life insurance) Holmes v. John Hancock Mut. Life Ins. Co., 41 N.E.2d 909, 911, 288 N.Y. 106; (notes) First Nat. Bank v. Bosler, 297 Pa. 353, 147 A. 74, 75; (highway contract) Central Tractor & Equipment Co. v. Betz, 63 S.D. 435, 260 N.W. 269; (will) In re Mitinger's Estate, 114 Pa. Super. 209, 173 A. 432, 433.
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That's the definition of DEFERRED PAYMENTS in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
