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LSDefine

Simple English definitions for legal terms

time-price differential

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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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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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