trade credit

Related Terms
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.

Use 'trade credit' in a Sentence

You may be able to get some trade credit if you have a good reputation with the seller and he trusts you.
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We suggested he operate on trade credit as that would allow us to proceed according to the mutually beneficial plan.
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You may want to build up some trade credit with a supplier so that you can cash in big at the right time.
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