CREDIT TERMS Flashcards
1
Q
are essential financial agreements between a seller and a buyer, specifying the time period the buyer has to pay for goods or services and any discounts available for early payment.
A
CREDIT TERMS
2
Q
Payment is due within 30 days from the invoice date. Standard term used in many industries.
A
NET 30 DAYS
3
Q
Offers a 2% discount if the payment is made within 10 days. Otherwise, the full payment is due within 30 days.
A
2/10, NET 30
