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English definition of “credit terms”

credit terms

noun [plural]    
FINANCE, COMMERCE an arrangement for giving credit (= allowing someone to pay for something at a later time ), including the length of time allowed for payment , the number of payments , the interest rate , etc.: easy/loose/favourable credit terms Many advertisements don't even mention the full cost , opting instead to offer easy credit terms . strict / tight credit terms on credit terms If you sell products on credit terms it can cause cash flow problems . Profits on sales of goods made on extended credit terms should be recognised at the time of the sale .
(Definition of credit terms noun from the Cambridge Business English Dictionary © Cambridge University Press)
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