Question

what are terms of credit explain ?

Answer 1

all the documentation including collateral , method of payment etc.. are known as terms of credit

Answer 2

credit terms definition. The terms which indicate when payment is due for sales made on account (or credit). For example, the credit terms might be 2/10, net 30. This means the amount is due in 30 days; however, if the amount is paid in 10 days a discount of 2% will be permitted.......