Question

what are the terms of credit ?

Answer 1

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.

Answer 2

✨✔️✔️ Question : What are the terms of credit?

✔️✔️Answer:
Terms of credit are :-
• Interest rate.
• Collateral.
• Documentation requirement.
• Mode of repayment.

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