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LSDefine

Simple English definitions for legal terms

time-price differential

Read a random definition: dum non fuit compos mentis

A quick definition of time-price differential:

Time-price differential: The difference between the price of something if you pay for it right away with cash, versus if you pay for it later or in installments. It's like when you buy something with your allowance right away and it costs less than if you ask your parents to buy it for you and pay them back later with interest.

A more thorough explanation:

Definition: Time-price differential refers to the difference between the current cash price of an item and the total cost of purchasing it on credit. It can also refer to the difference between a seller's price for immediate cash payment and a different price when payment is made later or in installments.

Let's say you want to buy a new laptop that costs $1,000. You have two options: pay for it in cash or finance it with a credit card. If you pay for it in cash, you'll pay the full $1,000 upfront. However, if you finance it with a credit card, you'll end up paying more than $1,000 due to interest charges. The difference between the cash price and the total cost of financing is the time-price differential.

Another example is when you're buying a car. The dealer may offer you a lower price if you pay for the car in cash upfront. However, if you choose to finance the car, the dealer may charge you a higher price due to interest charges. Again, the difference between the cash price and the financed price is the time-price differential.

These examples illustrate how the time-price differential can affect the total cost of purchasing an item. It's important to consider the time-price differential when deciding whether to pay for an item in cash or finance it with credit.

time policy | time-price doctrine

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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