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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 termson 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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