noun A Transaction in which a buyer does not receive a good or service immediately at the time of purchase.
How Does a Delayed Delivery Transaction Work?
A Delayed Delivery Transaction occurs when a cardholder completes two separate TransactionReceipts. The first Receipt functions as a deposit, such as a down payment, for goods or services. The second receipt is to pay the remaining balance due to the Merchant.
For more information, read "The Payments System Simplified"