trade credit
Definition
Open-account, short-term (usually 30 to 90 days) deferred payment terms offered by a seller to a buyer as a standard trade practice or to encourage sales. In some trades such as jewelry business, the credit may extend to 180 days or even longer.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
trade credit in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/trade-credit.html
