Concept:A credit sale occurs when goods or services are delivered to the buyer before payment is made.Explanation:In a credit sale, the seller transfers ownership of the goods or services to the buyer immediately.The buyer does not pay at that moment but agrees to settle the payment at a later date.This arrangement is different from leasing or hire purchase, where ownership may not transfer at once.The key feature is that possession and ownership pass to the buyer without instant payment.Therefore, the transfer of goods and services without immediate payment is known as a credit sale.Answer:C. credit sale