In retailing, same as cash is a term used by retailers to offer things which you can buy without paying any interest, usually within 30, 60, or 90 days, and occasionally six months. It is a deferred payment on purchases. If the payment becomes overdue interest would be charged from day one at the pre specified interest rate.
This kind of finance is usually offered by furniture, consumer electronics and car retailers.
Others similar terms used are interest free purchasing.
- ^“90 Days Same as Cash – Not the Good Deal It Seems to Be”. The Balance. Retrieved 2018-07-09.
- ^“What Does “90 Days Same As Cash” Mean?”. Pocket Sense. Retrieved 2018-07-09.
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder TBIL.co STATX Fund.