The agreement between two or more enterprises concerning the amount and timing of payment for goods or services.

The terms which indicate when payment is due for sales made on account (or credit). For example, the credit terms might be 2/10, net 30. This means the amount is due in 30 days; however, if the amount [..]

Definition The length of time a consumer has to repay the amount of debt owed on an obligation. This can also include interest payments.

The agreement between two or more enterprises concerning the amount and timing of payment for goods or services.

A statement of the credit period and any discounts offered--for example, 2/10, net 30.

These are the payment terms that are given to customers and indicate when payment falls due. An example would be 30-day terms and these should be shown on invoices.

The agreement between two or more enterprises concerning the amount and timing of payment for goods or services.

A type of commercial sale which allows the customer to pay  30 to 60 days after an invoice is submitted. Terms are noted by preceding the number of days to pay with the word “Net” (i.e. Net 30 Terms). [..]

The conditions by which a purchaser of goods or services are contractually obliged to adhere to when buying on credit. These terms state the agreed time frame inside which the buyer must pay, as well [..]

The conditions under which credit will be extended to a customer. The components of credit terms are: cash discount, credit period, net period.