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Commercial credit


1. Contracts whose performance involves transferring money or other goods defined by generic characteristics to the other party may provide for granting credit, including in the form of an advance payment, prepayment, deferral, or installment payment of goods, services, or works (commercial credit), unless otherwise provided by law.

Source: "Civil Code of the Russian Federation (Part Two)" dated January 26, 1996 No. 14-FZ (as amended on November 30, 2011) (with amendments and additions effective January 1, 2012)

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