Standard of deferred payment

A standard of deferred payment is the accepted way, in a given market, to settle a debt – a deferred payment is not as widely used as other terms for functions of money, namely medium of exchange, store of value, and unit of account, though it is distinguished in some works.

单词	Standard of deferred payment
释义	Standard of deferred payment 英语百科 Standard of deferred payment A standard of deferred payment is the accepted way, in a given market, to settle a debt – a deferred payment is not as widely used as other terms for functions of money, namely medium of exchange, store of value, and unit of account, though it is distinguished in some works.
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