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English definition of “credit sale”

credit sale

noun [C]
 
 
COMMERCE a sale of a product in which the buyer uses credit (= takes the product immediately but pays in the future): credit sale agreement/contract A credit sale agreement is essentially a loan for the purchase price of the item with the money being paid over a fixed period of time.
credit sales [plural] ACCOUNTING the sums of money that a company shows in its accounts for sales of products that buyers have agreed to pay for in the future: At year-end credit sales amounted to £1,300.
(Definition of credit sale from the Cambridge Business English Dictionary © Cambridge University Press)
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