explain the term trade credit
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Explanation:
Trade credit is an agreement made between two businesses where the customer can make purchases on the account without making cash payment upfront.
The parties agree to the condition where the customer makes payments to the supplier at a later date, typically within 30, 60, or 90 days
Answered by
2
Trade credit is an agreement made between two businesses where the customer can make purchases on the account without making cash payment upfront. The parties agree to the condition where the customer makes payments to the supplier at a later date, typically within 30, 60, or 90 days.
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