payment terms
Definition
Conditions under which a seller will make a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due, and may demand cash in advance, cash on delivery, deferred payment period of 30 days or more, etc.
payment terms is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
payment terms appears in the definitions of the following terms:
general contract provisions,
as of date,
reasonable price,
competitive price,
line of credit,
vendor analysis,
terms of sale,
purchase order,
vendor finance,
differential pricing
and
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