Question

define terms of credit.

Answer 1

Credit terms or terms of credit is the agreement between a seller and buyer that lists the timing and amount of payments the buyer will make in the future. In other words, this is the contract that describes the specific details of the seller’s payment requirements that the buyer must meet into order to purchase goods on account.

Answer 2

Here's your answer mate.
The terms which indicate when payment is due for sales on account or credit.