cash discount(redirected from Discounts and allowances)
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An incentive offered to purchasers of a firm's product for payment within a specified time period, such as ten days.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
cash discounta reduction in the total amount of money owed by a customer to a supplier in return for prompt payment. Cash discounts are offered by suppliers as a means of persuading customers to pay for their CREDIT purchases more quickly and thereby improve the supplier's CASH FLOW.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
cash discountsee DISCOUNT.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005