credit period

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Credit period

The length of time for which a firm's customer is granted credit.

Credit Period

The period of time during which a firm grants credit to a customer. At the end of the credit period, the customer is expected to have paid for all goods or services he/she has purchased.

credit period

the average number of days' (or weeks’) CREDIT granted to customers by a company, or the average time it takes for the company to collect its debts. See CREDIT CONTROL, AGE ANALYSIS PROFILE FOR DEBTORS.
References in periodicals archive ?
Furthermore, the report revealed those companies will agree on the unification of marketing and selling policies to reduce credit periods and reduce cash discount granted to small and medium-sized pharmacies.
We don't offer credit periods and it is a system that has worked well for us.
Within this framework, the bank dropped interest rate, diversified structure of short term loan programs, and extended credit periods.
The Meirionnydd Nant Conwy MP said: "Representatives of small firms in the Welsh construction industry have told me that the increase in credit periods - now often up to 120 days and over - imposed upon SMEs mean that their payers may not be around to make payment "Moreover there is very little that firms can do to protect themselves against the risk of payer insolvency.
The maximum tax credit a taxpayer may claim from all qualifying improvements combined is a whopping 30 percent of the cost of each product and $1500 over the lifetime of the tax credit periods (2009 and 2010).
Looking at whether more risk can be passed on to suppliers through the use of consignment stock, a reduction in lead times or stretching credit periods in exchange for consolidating the supplier base
Considering the credits are long-term, six of the surveyed banks provide credit periods of up to 10 years with grace periods from 1 to 2 years, while one bank provides credit periods of up to 20 years.
Managing director Brendon Kenny said his firm was paying 50% more for products, andcombined with less credit periods it was being squeezed.
This is not a measure of late payment but a reflection of the length of credit periods.
Even if banks become more amenable to Iran exposures, local businesses will also need to be on their guard over the credit periods they are willing to offer on orders placed with them.
While natural gas prices were volatile during most of the credit periods and remain volatile today, WP&L's ability to consistently make prudent natural gas purchase decisions has resulted in significant savings for our customers," says Barbara J.
As the mills are reducing credit periods in the context of steel shortages caused by the steel demands of China it is giving very serious concern.