credit terms

credit terms
The conditions under which credit will be extended to a customer. The components of credit terms are: cash discount, credit period, net period. Bloomberg Financial Dictionary

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credit terms credit terms term1

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credit terms UK US noun [plural]
FINANCE, COMMERCE an arrangement for giving credit (= allowing someone to pay for something at a later time), including the length of time allowed for payment, the number of payments, the interest rate, etc.: easy/loose/favourable credit terms »

Many advertisements don't even mention the full cost, opting instead to offer easy credit terms.


strict/tight credit terms

on credit terms »

If you sell products on credit terms it can cause cash flow problems.


Profits on sales of goods made on extended credit terms should be recognised at the time of the sale.

Financial and business terms. 2012.

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Look at other dictionaries:

  • credit terms — conditions of credit …   English contemporary dictionary

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  • credit — / kredɪt/ noun 1. the period of time allowed before a customer has to pay a debt incurred for goods or services ● to give someone six months’ credit ● to sell on good credit terms ♦ to open a line of credit or a credit line to make credit… …   Marketing dictionary in english

  • credit — / kredɪt/ noun 1. a period of time allowed before a customer has to pay a debt incurred for goods or services ● to give someone six months’ credit ● to sell on good credit terms ♦ on credit without paying immediately ● to live on credit ● We buy… …   Dictionary of banking and finance

  • credit — cred·it 1 n 1: recognition see also full faith and credit 2 a: the balance in an account which may be drawn upon and repaid later compare loan …   Law dictionary

  • credit business licence — Under the Consumer Credit Act 1974, the Office of Fair Trading is responsible for the grant of licences to those involved in consumer credit and consumer hire agreements. Potential licensees include consumer credit and consumer hire businesses,… …   Law dictionary

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