credit terms definition

credit terms

Standard or negotiated terms (offered by a seller to a buyer) that control (1) the monthly and total credit amount, (2) maximum time allowed for repayment, (3) discount for cash or early payment, and (4) the amount or rate of late payment penalty.

credit terms is in the Accounting & Auditing and Banking, Commerce & Finance subjects.

credit terms appears in the definitions of the following terms: payables to inventory ratio, closed-end loan and as of date

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