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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Multicurrency PIN Balance of payments (BOP)
Political equity Confirmation of Verbal Agreement Declaration Date
JIT Hryvnia Company Car
Institutional Unit Past Service Overseas company
Peer CMO Joint Tenants
Takeover Media kit Quasi-corporations
Win win Secus Charitable Trust
Nominated court CPC KYC
Consumption Goods Deficit Trial bundles
Merger Taka Demand
Per quod Cartel Advertising Standards Authority
Historical Cost LTV Commodity Code
Smart Card Deep pockets Litas

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.

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