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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LTV Trade Debtors Chargeable Asset
Outsourcing Appellant Dependency
Keelage Loading Pass Txid
Horizontal integration Corporations Agent
E.C.B Email client Earning asset
Maturity Bimonthly In omnibus
Tort AGM To remand
Loti Exempt Persons adeem
RTGS Appraisal Perquisite (perk)
Kwanza Accounts payable VCU
European Court of Justice Job production Divisional Court
Affirmation Capital Goods Scheme Crowding Out
Amped Parental leave policy Business Continuity Planning

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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