Business & Marketing terms

TVC: Television Commercial

debt default: vỡ nợ; to fail to do something that you legally have to do, especially by not paying a debt

Layaway mua hàng đặt cọc, lay-by in Australia, New Zealand, and South Africa is a purchase agreement in which the seller reserves an item for a consumer until the consumer completes all the payments necessary to pay for that item, and only then hands over the item.

COD

Foreclosure (tịch thu/phát mãi tài sản) is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.