Hacker News new | ask | show | jobs
by anonu 3291 days ago
I remember in an accounting class long ago discussing Walmart's relationships with their vendors. They would defer payment to vendors as long as possible while earning the cash from selling in their stores. So effectively they would have an interest-free loan on their balance sheet...

What you're describing obviously sounds different - but somewhat an extension of holding off payment for as long as possible, to the point were it becomes onerous to the vendors.

edit: for clarity, typos