Meaning of “credit terms” in the English Dictionary

business-english dictionary

"credit terms" in British English

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credit termsnoun [ plural ]

uk /ˈkred.ɪt ˌtɜːmz/ us /ˈkred.ɪt ˌtɝːmz/

the arrangements made for giving credit, especially the amount of money, the period of borrowing, etc.

(Definition of “credit terms” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"credit terms" in Business English

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credit termsnoun [ plural ]

uk us

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.
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” from the Cambridge Business English Dictionary © Cambridge University Press)

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