The term "time buyer" refers to a person or entity that purchases goods, services or assets over time through regular payments rather than in one lump sum. This type of payment plan is often used by businesses and individuals as an alternative method for acquiring property, equipment, vehicles or other items they need to operate their business or improve their quality of life.
In the real estate industry, a "time buyer" typically refers to someone who purchases a home through a mortgage loan that is paid off over time, rather than all at once with a cash payment. This allows individuals and families to purchase property they may not have been able to afford otherwise, by making regular payments towards the purchase price of the home over an extended period of time.
Overall, "time buyers" refers to anyone who is able to acquire goods or services through regular payments rather than a one-time payment, providing them with more flexibility and access to items they may not have been able to afford otherwise.