Business terms and jargon explained. Your business dictionary

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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Output Tax Ex post facto Minutes Solvency
Warrant Króna FIO Tynwald
Unlawful Accounts receivable Admission of evidence Litigation
Licensed Premises Acquisition Continental Shelf Umbrella Fund
Flowchart Penetration Testing Secondary Home Customer information order
UK Business Registration Paying Agent Title Workout
Official Receiver KMC Foreign position Equity Release
N11 Civil Court form Overdraft Gross domestic product - GDP Production
Trade discount Puisne Judge Internet and email usage policy Notice to quit
Committal proceedings Loan Business Week Petition

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 to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.

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