credit terms


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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.

credit terms

the basis (usually the number of days delay in payment) on which goods are released to the customer before payment is received.
References in periodicals archive ?
Regarding the provision of finance collateralised by euro-denominated securities, survey respondents indicated that credit terms such as the maximum amount and maximum maturity of funding decreased somewhat and that financing rates/spreads had increased for many collateral types, but particularly when government bonds were used as collateral.
Hellenic acknowledged last month it was buying oil from Iran and paying for the shipments later, terms known in industry jargon as open credit terms.
The white paper is based on qualitative interviews and surveys of businesses and aims to establish the effect the economic downturn has had on credit terms as well as recommending actions to ensure credit continues to facilitate trade.
You can involve your customers in determining the credit terms prior to supplying goods or services.
Hechinger agreed to a $1 million credit limit for future purchases from UFP and to far more restricted credit terms of 1% 7 days net 8.
The original rationale for truth-in-lending requirements was to "assure a meaningful disclosure of credit terms so that the consumer will be able to compare more readily the various credit terms available to him and avoid the uninformed use of credit.
Finally, do not buy more than you need or more than you expect to sell, regardless of how favorable the sale or credit terms.
Under this new monetary regime, currency risk is eliminated, giving greater access to international funds, which translates into improved benefits for the local population: reduction of interest rates, longer credit terms, and a broader offer of financial products.
Review Your Credit Terms - Are they consistent normal industry practice, as well as legal standards?
If an increase occurs, then your business's credit terms or collection policies might need to be reviewed.
This can help a business owner determine if the credit terms the company currently is using need to be changed.