cash discount


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Cash discount

An incentive offered to purchasers of a firm's product for payment within a specified time period, such as ten days.

cash discount

a 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.

cash discount

see DISCOUNT.
References in periodicals archive ?
Over PhP2 million worth of prizes are up for grabs for customers, ranging from premium Ford merchandise, Rudy Project eyewear, three-year Scheduled Service Plan (SSP), and cash discounts of PhP10,000, PhP20,000, PhP50,000 and PhP100,000.
In this article, we address the BLE arguments and evidence that have been advanced in support of the claim that merely calling a certain practice a credit surcharge as opposed to a cash discount will affect consumer behavior in a predictable manner and, in particular, that assessing a credit surcharge instead of offering a cash discount will be more effective at leading consumers to pay for retail transactions with cash rather than credit.
Putting vetted processes in place for vendor onboarding, establishing and maintaining a clean vendor master list, preventing duplicate and disbursement errors, and capturing cash discounts are the building blocks upon which a healthy company is built.
This means that each one will benefit from a cash discount of at least pounds 15,400.
In July 1997, claims were sent to DPSC contractors for failure to deduct cash discounts at the time of invoice payment.
To be sure, not all of the nation's chain or independent pharmacies participate in cash discount card programs.
Buyers may choose a $1,000 cash discount, 6.95-percent financing ($1,200 value) or a free, three-year extended warranty ($1,500 value).
Increasingly, we live in a value-adding economy whose managers want employees to behave, dress, and think like artists; to eschew job security and benefits like artists; to keep artists' unsocial hours; and to accept a cash discount (creative gratification as part compensation) for their labor.
At Regent's Park in Thornliebank, if you reserve before Christmas, you can benefit from a pounds 3000 cash discount or 100 per cent part-exchange.
It's arranged over the phone (0990 77 44 22) in advance, so you can negotiate a cash discount with any car dealer or even make a private purchase.
The size and timing of the company's cash discount policy for prompt or early payment.
Businesses that choose to finance their purchases through trade credit have several options for payment: They may pay the supplier promptly and in so doing receive a cash discount; wait until the bill's due date and consequently pay the interest cost implicit in forgoing the cash discount, at a rate frequently higher than the rate on credit from institutional lenders; or pay late, after the bill's due date, and thereby risk incurring additional costs in the form of explicit interest charges or penalties, or both.