credit period

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 ?
The length of the average credit period had moved from 75 per cent, well beyond the normal period of 30 days, to 196 days between 2014 and 2017.
Despite achieving a massive growth rate, these businesses usually suffer from cash deficits, due to the credit period they have to give their customers.
Summary: Sharakah introduces some changes in funding scheme by increasing the fund limit to RO350,000, in addition to reducing the interest rate and increasing the credit period for its bill discounting scheme that the process of getting reimbursed for services rendered to some large organisation may take up to three months.
Iran, India's third biggest oil supplier, used to give a 90-day credit period to refiners like Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL).
Free credit period of up to 51 days to pay for your purchases
He added that the credit period would be increased from 30 to 90 days to keep up with the market and enhance the cement production.
Iran used to give a 90- day credit period to refiners like Indian Oil Corporation and Mangalore Refinery and Petrochemicals Ltd to pay for their oil imports which has now been reduced to 60 days, a senior official confirmed.
Trafigura has extended the credit period for two independent Chinese refiners to buy crude, marking a more aggressive push by the global commodity trader to feed the growing appetite of so-called "teapot" refiners to import oil, sources said.
They said enhancing tax credit period on purchase and installation of plant and machinery for BMR from June 2016 to June 2019, reducing the condition of 100 percent equity to 70 percent for stablishing new industry or expanding existing plants along with allowing 70 percent tax credit and extending tax credit period up to June 2019 were the positive steps that would encourage modernization of existing industry and promotion of new industry in the country.
Since the goods were consumed during the 30 day credit period, there was, owners argued, nothing to pass title in at the expiration of the credit period.
Under such policies, the supplier offers the retailer a certain credit period without interest in order to attract more retailers and stimulate sales.
The credit period for import of non-capital goods can be up to a year from the date of shipment or up to the operating cycle, whichever is lower.