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.
19 people found this helpful
We suggested he operate on trade credit as that would allow us to proceed according to the mutually beneficial plan.
18 people found this helpful
You may want to build up some trade credit with a supplier so that you can cash in big at the right time.
15 people found this helpful




Email Print Embed