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Standard of deferred payment information


In economics, standard of deferred payment is a function of money. It is the function of being a widely accepted way to value a debt, thereby allowing goods and services to be acquired now and paid for in the future.[1]

The 19th-century economist William Stanley Jevons, influential in the study of money, considered it to be one of four fundamental functions of money, the other three being medium of exchange, store of value, and unit of account. However, most modern textbooks now list only the other three functions, considering standard of deferred payment to be subsumed by the others.

Most forms of money can act as standards of deferred payment including commodity money, representative money and most commonly fiat money. Representative and fiat money often exist in digital form as well as physical tokens such as coins and notes.

  1. ^ "AmosWEB is Economics: Encyclonomic WEB*pedia".

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of capital assets is called a financial instrument, and may serve as a medium of exchange, standard of deferred payment, unit of account, or store of...

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a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor...

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anything of value to others, the medium of exchange has some value, and the currency may also be useful as a standard of deferred payment among others. Of all...

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Spending multiplier – Stagflation – Standard of deferred paymentStandard of living – Stock exchange – Store of value – Strategic complements – Subgame...

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experimentation in the Netherlands, the contactless deferred payment at the end of each month, after the registration of the trips aboard with a contactless mobile...

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unit of account), a standard of value (or standard of deferred payment), and a store of value. This analysis later became a fundamental concept of macroeconomics...

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Economy monetization Gresham's law Postage stamp demonetization Standard of deferred payment Seigniorage "Legal Tender Guidelines". Royal Mint. Archived from...

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a "measure" or "standard" of relative worth and deferred payment, a unit of account is a necessary prerequisite for the formulation of commercial agreements...

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same. Taxes can sometimes be deferred indefinitely, or may be taxed at a lower rate in the future, particularly for deferral of income taxes. Corporations...

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Internal Revenue Code section 409A

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Lack of standards for deferred payments This is related to the absence of a common measure of value, although if the debt is denominated in units of the...

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Day trading Position trader Spread trade Standard of deferred payment Store of value Time horizon Time value of money Discounting Present value Future value...

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involve a deferred payment for the goods or services rendered. When something is bought using credit, it gives the seller an asset (the payment at a later...

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presentation of deferred tax liabilities and deferred tax assets in IAS 12). Frequency of reporting: IFRS requires that at least annually a complete set of financial...

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including deferred payment. To operate successfully, it needs to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade, and...

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simply defers payment by the buyer until a later date. A credit card also differs from a debit card, which can be used like currency by the owner of the...

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Edward Alsworth Ross

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Publications of the American Economic Association, Vol. 7, No. 4/5, Jul./Sep. 1892. "The Standard of Deferred Payments," Annals of the American Academy of Political...

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