credit period

Credit period

The length of time for which a firm's customer is granted credit.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
Trade receivables of the firm increased during FY18 as about 75% of the products are now sold on credit basis of 30 days credit period while the remaining are sold on a cash basis.
As per the commercial terms agreed upon, Air India enjoys a credit period of 90 days.
JSK Feeds is currently using internal resources for extending a credit period to the small farmers and in a slow season this gets extended.
The Oklahoma Coalition for Affordable Housing is working to derail Senate Bill 416, which would cut the credit period for the state's affordable housing tax credit program to five years.
To successfully earn credit, participants must complete the activity during the valid credit period. To receive SA-CME credit, you must:
The Bank's customers have the flexibility to use their RAKBANK credit cards to remit money at competitive rates, with no hidden fees and a 55-day interest-free credit period. In addition, the live retail remittance payments from RAKBANK to Cargills Bank and other banks in Sri Lanka reach their destination account instantly with end-to-end visibility over the journey of the payment.
Furthermore, the Bank's customers have the flexibility to use their RAKBANK credit cards to remit money at competitive rates, with no hidden fees and a 55-day interest-free credit period. In addition, the live retail remittance payments from RAKBANK to Cargills Bank and other banks in Sri Lanka reach their destination account instantly with end-to-end visibility over the journey of the payment.
"Indian Oil Corp, Mangalore Refinery and Petrochemicals (MRPL) and Nayara Energy (formerly Essar Oil) are some of the heaviest Indian importers of Iranian oil that comes with cheaper freight and a longer 60-day credit period," wrote the paper, adding, "Indian refiners' plan to lift Iranian oil in September and October means they would need to pay for these after the sanctions have become effective on November 4."
Dr Masiga said delayed payments by health facilities had forced MEDS to start negotiations with its suppliers to extend credit period from between 30 and 60 days to 90 days to sustain supply.
However, the state refiners raised imports in the current fiscal year starting in April after Iran offered free shipping and an extended credit period of 60 days.
Using the maximum credit period on offer from any suppliers
The IRS guidance, however, helps employers who first claim the credit for all or part of 2016 or a later taxable year for SHOP coverage, but don't have SHOP Marketplace plans available for employees for all or part of the credit period because the county in which the employer is based doesn't offer the plans.