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Glossary and terms about credit cardsHome » Credit Card Glossary
Deferred interest
Definition of Deferred Interest on Investopedia,Payment plans that offer to delay (or defer) payment of interest during a specified period of time are deferred interest plans. In the retail sector, these are often advertised as charging "no interest until" a certain date. After that date, however, interest that has been accruing since the purchase date is charged to the account.