Installment payment means that after the import and export contract is signed, the importer pays a small part of the payment to the exporter as a down payment, and most of the rest is paid in installments after part or all of the products are produced and shipped, or after the goods are installed, debugged, invested and guaranteed.

The buyer and the seller sign a contract at the time of transaction, and the buyer pays the goods and services to the seller in installments within a certain period of time. The date and amount of each payment are stated in the contract in advance.

Extended data

The "explosive address book" only exposed the tip of the iceberg of cash loan chaos. Although domestic cash loans have been greatly improved after rectification, there are still chaos such as "stuck" and high interest rates.

Among them, the abnormally high interest rate is a common problem of cash loans and an "incurable disease" in the current industry. Due to the small amount, high frequency and high overdue nature of scattered cash loans, the platform needs a higher interest rate to cover the borrowing cost, which leads to the apparent cash loan platform saying that the comprehensive annualized interest rate does not exceed the red line of 36% given by the Supreme Law. In fact, it circumvents the requirement of annualized interest rate ceiling by various means.

Cash loan is usury, and the most prominent problem of cash loan at present is the abnormally high interest rate. Cash lending platforms generally evade the 36% annualized interest rate ceiling of private lending in disguise by splitting interest and expenses, collecting beheading interest, renting back mobile phones, bundling insurance, and compulsory sales of membership cards. "Not only the cash lending platform, but also many more radical licensed financial institutions are taking risks. Cash loans are indeed profiteering industries. "

People's Daily Online-address book explosion, usury, and "cracking mouth"? Cash loan chaos