Question

what is terms of craledit​

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

Its...terms of credit

Interest rate Collateral and documentation requirement and the mode of repayment together comprise what is called the terms of credit