0 the arrangements made for giving credit, especially the amount of money, the period of borrowing, etc.
1 an arrangement for giving credit (= allowing someone to pay for something at a later time), including the length of time allowed for payment, the number of payments, the interest rate, etc.:
easy/loose/favourable credit terms Many advertisements don't even mention the full cost, opting instead to offer easy credit terms.
on credit terms If you sell products on credit terms it can cause cash flow problems.
Profits on sales of goods made on extended credit terms should be recognised at the time of the sale.
Information about interest rates and credit terms and conditions will be standardised to make it easier to compare offers.
I have always been sceptical about greatly extending credit terms.
Competition in shipbuilding is keen, and orders go to the most attractive quotations for quality, price, credit terms, delivery dates and so on.
In the credit terms which it advanced and the prices it charged, it was much less subject to political pressure.
Because we came to the conclusion, with regret, that economic circumstances did not permit us to offer credit terms.
We have introduced interest relief grants to help with the problem of credit terms; we have acted in both education and training.
We now have perfectly good and competitive credit terms.
The offering of incentive-like discounts, favourable credit terms or any other recognised means of promoting sales, is a normal part of competition.
