Business Terms and Jargon Explained

What is Payment terms

This is the method of payment that a seller allows. The typical methods are:

1. cash
2. cash in advance
3. instalment payments over a period of time specified
4. credit terms i.e. 30 days

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Term created / updated 2009-06-30 13:22:14

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.