Question

Explain the terms of credit?

Answer 1

Answer:

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.

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Answer 2

Answer:

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. If the discount isn't taken, the customer must pay the full invoice amount within 30 days of the purchase.

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